AUDUSD Sell Order Depleted, Buy Opportunity
Last week, price is ranging from bear engulfing candle seen in h4 time frame till lowest level of last 2 week trading session. There are 2 possibilities happened during last week session:
1. seller try to hide their sell position for further drop or
2. buyer begin to show their interest and start to buy
I decide to long this currency based on the fact that price drop on Tuesday 21 March 2019 for over 50 pips is countered by bull buying this currency until it break the highest level point on Tuesday 21 March 2019.
I spotted a good place to buy at FL level happen on Friday 24 March 2019. This FL occur after the break of Resistance level and contain bullish engulfing candle seen on H1 timeframe.
Happy trading. TAYOR (Trade At Your Own Risk)
1. seller try to hide their sell position for further drop or
2. buyer begin to show their interest and start to buy
I decide to long this currency based on the fact that price drop on Tuesday 21 March 2019 for over 50 pips is countered by bull buying this currency until it break the highest level point on Tuesday 21 March 2019.
I spotted a good place to buy at FL level happen on Friday 24 March 2019. This FL occur after the break of Resistance level and contain bullish engulfing candle seen on H1 timeframe.
Happy trading. TAYOR (Trade At Your Own Risk)
Transaction en cours
Commentaire:
half position closed around 0.693. SL move to breakeven.
Trade fermée: ordre d’arrêt atteint:
Balance trading lot hit SL that move to breakeven earlier. profitable trade.