AUDUSD bearish scenario (SELL IDEA)
We will be looking for sell continuations on upon 1h candle confirmation at the 61.8% retracement level, which is doubling at the previous supply zone area.
Stops will be placed just above the zone (15-20 pips), with 1:4 possible RR.
On the 4h, we see AUDUSD hitting and bouncing off the upper trendline of the channel, indicating the beginning of a strong bearish pressure.
Please drop a like if you see potential in this setup!
Always trade responsibly and with appropriate risk management.
Happy Friday and happy trading!!!
Stops will be placed just above the zone (15-20 pips), with 1:4 possible RR.
On the 4h, we see AUDUSD hitting and bouncing off the upper trendline of the channel, indicating the beginning of a strong bearish pressure.
Please drop a like if you see potential in this setup!
Always trade responsibly and with appropriate risk management.
Happy Friday and happy trading!!!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.