audusd resumes the downtrend? - short
This pair has been in a massive downtrend, and as i posted in a previous chart (please see related ideas), i am seeking for sell setups.
Well this may be a good sell setup :
Price break from a channel to the downside, and it may be a good idea to sell now, or if you are a little more conservative, wait for a consolidation in a lower timeframe, like 15min, and sell on the break out.
As a generic target we could use fib extension, but personally i will just trail the stop, and see what this pair does.
Well this may be a good sell setup :
Price break from a channel to the downside, and it may be a good idea to sell now, or if you are a little more conservative, wait for a consolidation in a lower timeframe, like 15min, and sell on the break out.
As a generic target we could use fib extension, but personally i will just trail the stop, and see what this pair does.
Note
Moving SL to give more room.Note
Possible development of this structure.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.