AUD/USD SHORT WIN TRADE
Market Distribution:
The market created a head and shoulder pattern after a strong rally upward.
I saw a bearish engulfing on right shoulder on the 4 hrs time frame and took my
entry.
Stop lose on top of the high of the candle and entry on the low of the candle.
( As price tends to hit the low of the engulfing candle or 50%. )
Target:
The length of the head and the shoulder is the target that the price will reach and that was
perfect because there is a zone there for extra confirmation.
Good win trade.
The market created a head and shoulder pattern after a strong rally upward.
I saw a bearish engulfing on right shoulder on the 4 hrs time frame and took my
entry.
Stop lose on top of the high of the candle and entry on the low of the candle.
( As price tends to hit the low of the engulfing candle or 50%. )
Target:
The length of the head and the shoulder is the target that the price will reach and that was
perfect because there is a zone there for extra confirmation.
Good win trade.
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.