Opportunity to sell AUD/USD (explained in details)
Updated
Explain the opportunity in daily chart :
- Price test 61.8% Fibo level
- Touch and fall from the BB upper band
- Clear divergence in RSI
- Formed IB
How to enter the trade and how to risk management and take profit :
- Sell stop order below mother bar (green line)
- Stop loss level above mother bar (orange line)
- 1st TP near (black line) then to free risk the trade and to hunt other levels
Opportunity will be invalid if price failed to brake below the IB
Good Luck
- Price test 61.8% Fibo level
- Touch and fall from the BB upper band
- Clear divergence in RSI
- Formed IB
How to enter the trade and how to risk management and take profit :
- Sell stop order below mother bar (green line)
- Stop loss level above mother bar (orange line)
- 1st TP near (black line) then to free risk the trade and to hunt other levels
Opportunity will be invalid if price failed to brake below the IB
Good Luck
Note
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.