0904 DAILY PLAN AUDNZD to sell with RR>3
Hello traders
Remember our last idea on this ratio?
There was chance to open buy on 4h chart with broken channel.
But this ratio turn down very soon BY TESTING 4H RESISTANCE ZONE twice.
If you open a trade on the circle position on 4h chart we marked out, now the reversal japanese pattern ( engulfing pattern) beneath 4H resistance zone was a signal to decice if you want to close manually or just wait till SL hit. ( I will close manually with break even).
Go back on daily chart, there is a strong daily bearish signal by running beneath average band of BB for last few days. On such case with broken daily trend line, it would be a ideal chance to sell to next daily support.
And if you taking 4h price action into consideration, you could make a setup with RR>3. Not bad, right?
This is a ratio that goes slowly than popular pair. This is what you should know. So this is only for enducation purpose. Wont be a signal for my people.
Good luck!!!
LESS IS MRE!
Remember our last idea on this ratio?
There was chance to open buy on 4h chart with broken channel.
But this ratio turn down very soon BY TESTING 4H RESISTANCE ZONE twice.
If you open a trade on the circle position on 4h chart we marked out, now the reversal japanese pattern ( engulfing pattern) beneath 4H resistance zone was a signal to decice if you want to close manually or just wait till SL hit. ( I will close manually with break even).
Go back on daily chart, there is a strong daily bearish signal by running beneath average band of BB for last few days. On such case with broken daily trend line, it would be a ideal chance to sell to next daily support.
And if you taking 4h price action into consideration, you could make a setup with RR>3. Not bad, right?
This is a ratio that goes slowly than popular pair. This is what you should know. So this is only for enducation purpose. Wont be a signal for my people.
Good luck!!!
LESS IS MRE!