david.cummins.581
Short

Short if Resistance is broken

FX_IDC:AUDGBP   AUSTRALIAN DOLLAR / POUND STERLING
It is starting to look as if the bears are starting to take control in this pair. We have a shooting star 2 days prior followed by a rather large bearish candle. Im reluctant to call this a bearish engulfing pattern there isn't really a well defined prior trend. The most important thing to notice on this trade is that we are coming up to a minor resistance level . The trade should only be executed if there is a close below this. However i do believe that the bears will smash through this level. I have my price target set at 0.5000. My stop is set based of the 4hr chart. The price gapped down from 0.5121 to 0.5106. Therefore i have my stop at 0.5121 as windows provide great support and resistance . However please remember DO NOT PLACE TRADE UNLESS THERE IS A CLOSE BELOW RESISTANCE.
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out