AUDUSD Awaiting Sell Position from price trap
Showing Overbought on the daily RSI TF
It had hit a strong Resistance forming a double top the previous week
the retracement from the double top has hit 50-61.8% fib lvl
showing price trap... if price breaks support looking to open a sell
It had hit a strong Resistance forming a double top the previous week
the retracement from the double top has hit 50-61.8% fib lvl
showing price trap... if price breaks support looking to open a sell
Comment:
hmm i wonder if news had anything to do with the trade. At first break out it looked to be a homerun to the profits. A reversal candle stick pattern can be seen to appear around the 23:00 hour. No matter the outcome good or bad. Sticking to a strategy is the most important thing you can do. Let the trade run out. You win some and lose some. We learn and keep growing!