AUDUSD 4H SHORT TRADE
WHY BEARISH BIAS TRADE
Price had two failed breakout attempts of the 800 sma
A 3rd failed breakout attempt of the 800 sma was a news related event
Macd is below zero and Red signal lines
Short Trades
News related spike bullish candle low is support level to breakout @ .71725
Price should close below 50 sma
1st Sell Entry @ .71725
2nd Sell Entry is bearish breakout of 4h trendline
2nd Entry is made from a 15m chart with a break-hook-go candle pattern
Sell Take Profit is the 100 sma so possible exit area is .7110
Watch Macd for direction
Price had two failed breakout attempts of the 800 sma
A 3rd failed breakout attempt of the 800 sma was a news related event
Macd is below zero and Red signal lines
Short Trades
News related spike bullish candle low is support level to breakout @ .71725
Price should close below 50 sma
1st Sell Entry @ .71725
2nd Sell Entry is bearish breakout of 4h trendline
2nd Entry is made from a 15m chart with a break-hook-go candle pattern
Sell Take Profit is the 100 sma so possible exit area is .7110
Watch Macd for direction
Comment:
100 sma was the TP. Price hit it in the .7125 area
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