AU200 3:1 R2R Sell Setup

CAPITALCOM:AU200   Australia 200
First thing to note is that we have a bearish breakout below the ascending trendline on the 1hour timeframe. Additional RSI is suggesting selling pressure with the bearish divergence.

== Game Plan ==
Wait for a pullback as outlined on the chart to enter a sell targeting a 3:1 risk to reward.

🛡️ Managed Accounts + Challenge Passing Services
➡️ manage.forex

1️⃣ MT4 Trading EA
➡️ tinyurl.com/2rz783d4

‍🎓 Mentorship Program
➡️ tinyurl.com/8wfnuucy

📈 Live Performance
➡️ tinyurl.com/y67rnwrd

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.