AUDUSD potential reverse
Ideally I want to wait till price come 0.5% Fib level, but today I think AU will close very big tailed PinBar.
Whit this in mind I take very small Short position.
0.6006 area is Oct '08 support and multi-year low.
Also price touch 10-EMA and almost 38.2% Fib.
This is not perfect setup, like I said, I want to see the pair is come little more upside.
Whit this in mind I take very small Short position.
0.6006 area is Oct '08 support and multi-year low.
Also price touch 10-EMA and almost 38.2% Fib.
This is not perfect setup, like I said, I want to see the pair is come little more upside.
Note
When price is reach 50% fibo, then i dont find any reason to take sell position. Maybe trend is reversed or i must wait 61,8% fibo. I wait and look what price doing that level. Also i dont see any BUY options.
Note
Little update.Now the pair is touching 61,8% FIBO and when you open RSI, then you see divergence. These two are not enough reasons to take a trade, but when I see very good bearish price action, then I think open a Short position.
The other way, when the price breaks above 6450 area, then I cancel idea.
Ordre annulé
Next idea
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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.