GBP/AUD - Possible Short
- Price hit a strong resistance level with multiple rejections, it was in an ascending triangle which is usually bullish but broke to the downside, there was also a cross over of the SMA's for a bearish indication.
- I set a sell limit as I wanted price to pass the previous low and trigger a sell, it went into drawdown but created a Lower High which is a good indication of a bearish market structure, Massive Doji rejection candle on 4hr just created too.
- Currently have a very ambitious TP of 420 pips at the top of a daily Descending triangle, SL above resistance and previous high.
- More of a longer-term trade, with a nice 1:3 RR, will be looking to see for price to create another Lower Low for bearish market confirmation.
- I set a sell limit as I wanted price to pass the previous low and trigger a sell, it went into drawdown but created a Lower High which is a good indication of a bearish market structure, Massive Doji rejection candle on 4hr just created too.
- Currently have a very ambitious TP of 420 pips at the top of a daily Descending triangle, SL above resistance and previous high.
- More of a longer-term trade, with a nice 1:3 RR, will be looking to see for price to create another Lower Low for bearish market confirmation.
Note
Running 40 pips deep, Stop Loss to Breakeven - Lower Highs & Lower Lows forming, swinging this to Take ProfitTransaction en cours
Running 100 pips, I personally put sl to original place as I realised it was swinging rather high and low
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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.