AUDUSD SHORT
CONFIRMATIONS
- Sellers have exhausted and made their final push. So in the next 12 hours it will be bullish, however when price hits my fib at 69361, price will most likely reject and shoot to the downside.
- The issue I have with this trade is that price could be possibly consolidating because of the zone we are in. Also the issue is I might miss the entry because price can very much start shooting down now. Bee aware of candlestick for entries.
- Waiting for a shooting star or a inverted hammer candlestick as a confirmation for my entry.
- I will scale down to the lower time frames to look for an entry, I usually draw my analysis on the 1 HR or 4 hr.
DXY is bullish so to work in confluence im bearish on the Aussie Dolla.
- Risk/Reward is 2:1
- Not major news this week on the economic calendar so price shouldn't drop dramatically into another zone but most likely consolidate in the area.
- Sellers have exhausted and made their final push. So in the next 12 hours it will be bullish, however when price hits my fib at 69361, price will most likely reject and shoot to the downside.
- The issue I have with this trade is that price could be possibly consolidating because of the zone we are in. Also the issue is I might miss the entry because price can very much start shooting down now. Bee aware of candlestick for entries.
- Waiting for a shooting star or a inverted hammer candlestick as a confirmation for my entry.
- I will scale down to the lower time frames to look for an entry, I usually draw my analysis on the 1 HR or 4 hr.
DXY is bullish so to work in confluence im bearish on the Aussie Dolla.
- Risk/Reward is 2:1
- Not major news this week on the economic calendar so price shouldn't drop dramatically into another zone but most likely consolidate in the area.
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