ENTER THIS TRADE FOR GREAT RISK REWARD. PRICE REJECTED FROM 93.26 LAST WEEK FORMING A MINI D1 PIN BAR. IT IS MINI BUT ON THE LARGER SCALE IT WAS ALSO REJECTED FROM THE WEDGE PATTERN. TRADE THE WEDGE FROM THE TOP TO THE BOTTOM, OR AT LEAST TO THE 20SMA BEFORE UPTREND MAY CONTINUE.
H4 RSI DIVERGENCE GOOD RISK REWARD RISK 30PIPS TO MAKE 90 PIPS
QUICK IN QUICK OUT TRADE. SHOULD BE DONE WITHIN 24 HOURS.
Watch out for those 2 lines, I think they are better entries for short
PriceActionTrading
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Sorry did not include the H4 showing the obvious bearish RSI divergence
So, here it is.
RT.FX
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and indeed a nice RR there. :) therefore i am with u.
PriceActionTrading
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Yes indeed. 24 - 48 hours im guessing. gd luck mate. may the pips be with you
PriceActionTrading
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I like posting ideas with good confluence. If anyone disagrees or agrees with my idea please post comment here, it helps traders to better their trading decision.
Especially comments that disagrees with my ideas, as it helps other traders and myself see other point of view that i have missed.
Please do.
RT.FX
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no problem mate.
but u mention 24 hour trade. may not be so fast . probably 2-3 days to reach ur take profit
overall im bearish on AUD
Watch out for those 2 lines, I think they are better entries for short