TradingView
El_Chapo_Jr
Jul 8, 2022 8:06 AM

AUDUSD hits the Optimal Trade Entry Short

Australian Dollar/U.S. DollarFXCM

Description

Hello traders,

The retracement that we saw occur since the Newyork opening on Tuesday is finally over. This is because the price has filled the price imbalance that was created on Tuesday.

On the ICT fibbs the price has hit OTE (Optimal Trade Entry) and created a bearish Order block (BeOB) which is an accumulation of sell orders.

The price should now continue with the downtrend.

Like if you agree

Comments
JoeChampion
Good work, i think AUDUSD will follow the stock market and remains bearish!
El_Chapo_Jr
@JoeChampion true. let's look for sells
DanielLubbe
I hear what you say but it is still bullish and no sign to retrace Thanks for your input Keep well
El_Chapo_Jr
@DanielLubbe, keep well too. Let's see how it all unfolds
More