AUDUSD 4 HOUR BREAK AND RETEST TRADE SETUP
Hi everyone:
Here is my view on AUDUSD SHORT, Any type of feedback is greatly appreciated it. Thank you
Trade: #4
Date: 11/30/2016
Time: 05:00 GMT
Forex Pair/Commodity: AUDUSD
Position: SHORT (SELL)
Reward/Risk: 1:1
Opportunity:
Weekly: Price action broke down support trend line and 20/50 EMA, and retest at 50 EMA, forming high test candle
Daily: over extended run to the downside, pulled back to 0.382 fibs retracement on daily chart and 20/200 EMA. Price action formed a doji followed by a bear engulfing candle
4 Hour: double tops, break down the support trend line, 20/50 EMA, then retest to main pivot point and 0.382 fibs retracement on intraday chart
1 Hour: break down 20/50 EMA and support trend line, pulled back at main pivot point, and 20 EMA, bearish MACD
Looking to take this pair to previous low of 0.7370 area with a 1:1 reward/risk ratio
Thank you for your support
Here is my view on AUDUSD SHORT, Any type of feedback is greatly appreciated it. Thank you
Trade: #4
Date: 11/30/2016
Time: 05:00 GMT
Forex Pair/Commodity: AUDUSD
Position: SHORT (SELL)
Reward/Risk: 1:1
Opportunity:
Weekly: Price action broke down support trend line and 20/50 EMA, and retest at 50 EMA, forming high test candle
Daily: over extended run to the downside, pulled back to 0.382 fibs retracement on daily chart and 20/200 EMA. Price action formed a doji followed by a bear engulfing candle
4 Hour: double tops, break down the support trend line, 20/50 EMA, then retest to main pivot point and 0.382 fibs retracement on intraday chart
1 Hour: break down 20/50 EMA and support trend line, pulled back at main pivot point, and 20 EMA, bearish MACD
Looking to take this pair to previous low of 0.7370 area with a 1:1 reward/risk ratio
Thank you for your support
Catatan
Trading ditutup: target tercapai
Date: 12/01/2016Time: 15:00 GMT
Hit target price of 0.7370 with 1% profit from 1:1 reward/risk ratio trade setup
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.