AUDUSD Short Sell Idea

Weekly Trend - Up ; At Supply Zone
Daily Trend - Consolidating ; Broken Up Trend Line
H4 Trend - Down

I want to see a clean break below the orange line for a short term trade down to Take Profit 1. Trade will not commence if there is no closing break. Entries will be at either Entry 1 or Entry 2 whichever comes first.

Komentar:

Clean break and hit TP1 but I wasn't around to take the trade. Stop Loss @ Break Even would have been hit if I was in the trade.

--- Current Analysis ---
Weekly chart seems to suggest price might reach Take Profit 2.

Last Daily bar seems to suggest that buyers might be coming in but there is still a clean break of the demand zone.

Will consider Entry 1 or 2 based on price action now. Preferably at Entry 2 so as to have more room further down. Initial Idea still stays the same.

Order dibatalkan:

Price action didn't look viable...

There is always another opportunity