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TheSignalyst
Jan 16, 2023 10:45 AM

AUDUSD - Potential Sell Setup! Short

Australian Dollar/U.S. DollarFXCM

Description

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

on WEEKLY: Left Chart
AUDUSD has been overall bearish and it is currently sitting around a resistance zone, so we will be looking for sell setups on lower timeframes.

on H1: Right Chart
AUDUSD is forming a channel in red. For the bears to take over, we need a break below the last low in gray.

Meanwhile, until the sell is activated, AUDUSD can still trade higher inside the weekly blue resistance.

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich
Comments
UrosJordan
fail
Doctor_traderr
Thanks for your time bro
MarsSignals
nice information
RLinda
It was interesting to read, keep up the good work.
JoeChampion
Good work, i love the RR!
basictradingtv
Keep up the good work mate!
HAMED_AZ
Perfect
FOREXN1
Thanks nice idea here !
Lingrid
Nice work
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