AUDUSD MN : Price is now in the important zone and consolidates
AUDUSD W :Bullish bar but being rejected by the 20 ema and closed below 20 & 72 ema. It made weekly barlast week as a control candle and therefore price will be up & down inside the control candle.
AUDUSD D1 : Shooting star formed right above the weekly control candle resistance. Sell stop below shoting star and SL above it. the target would be some pips before he support of contol candle.
AUDUSD
AUDUSD W :Bullish bar but being rejected by the 20 ema and closed below 20 & 72 ema. It made weekly barlast week as a control candle and therefore price will be up & down inside the control candle.
AUDUSD D1 : Shooting star formed right above the weekly control candle resistance. Sell stop below shoting star and SL above it. the target would be some pips before he support of contol candle.
AUDUSD
Comment:
I removed the stop order on the close of monday bar. it gets into consolidation now. The corrrection of this idea, imo, is the size of the shooting star which is not big enough compared with the bars on the prevailing trend.