dhoover
Long

Hanging Man on $AUDUSD

FX:AUDUSD   Australian Dollar / U.S. Dollar
33 2 0
Reversal pin signaled on 4h downtrend (red), to return to daily uptrend (orange). Shorter run price tops are in blue, and take profit is set at an estimate between projected daily bottoms and short-run highs. Stop loss set below resistance at 0.9322

1.6 RR

EDIT: Hammer , not hanging man . Terminology mistake on my part
Thanks for the chart ! It has me questioning my analysis, at least on
the longer term and possibly explains why the down trend has not continued
as forcefully as I've been expecting.
However, IF I may be so bold ~~~~~
The name of this candle is a Hammer. A hangman happens at the top
of an uptrend where as after a down trend it is called a Hammer.
Perhaps you just had a candlestick slip, so to speak.
Best wishes for lots of pips in your pocket !!!!
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dhoover dojitrader
oops sorry. First day analyzing after a few months' break. I guess my vocabulary is slipping. I knew something didn't sound right ... Thanks for the catch!
Reply
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