AUDUSD T Line Out of No Mans Land
The bigger picture is for the Aussie to continue to be under pressure.
Price has moved into No Mans Land , but the bearish overtone and the nearby Sell orders
has pushed the T Line (5ema) below both the Long Term Moving Averages (100.200 ) .
The last 2 candles have been
1. Bearish Breakout of the River = which can trigger a short.
2. The next candle is a fakeout pin which was rejected by the Boli 50 MA.
On chart is a short trade
1. Entry - break of the trigger candle low.
2. Stop - above River
3. Final Target - 1.27 fib extension of the prior swing . Partials should be considered to BANK.
Price has moved into No Mans Land , but the bearish overtone and the nearby Sell orders
has pushed the T Line (5ema) below both the Long Term Moving Averages (100.200 ) .
The last 2 candles have been
1. Bearish Breakout of the River = which can trigger a short.
2. The next candle is a fakeout pin which was rejected by the Boli 50 MA.
On chart is a short trade
1. Entry - break of the trigger candle low.
2. Stop - above River
3. Final Target - 1.27 fib extension of the prior swing . Partials should be considered to BANK.
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.
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.