AUDUSD - STOCH-RSI trend continuation trade
Hello traders,
Catched up a potential continuation trade here.
Seems like the structure level and sideways resistance can be a good position to short (0.75300 psychological level).
The price developed a decend doji at this level.
If we get a strong looking bearish candle it meets all my trading rules.
Target 1 - At previous lows.
Target 2 - 1.414 extension of target 1.
Stoploss - 10 pips above the candlestick signal.
Lets see if we can catch a downside move here!
Best regards,
Catched up a potential continuation trade here.
Seems like the structure level and sideways resistance can be a good position to short (0.75300 psychological level).
The price developed a decend doji at this level.
If we get a strong looking bearish candle it meets all my trading rules.
Target 1 - At previous lows.
Target 2 - 1.414 extension of target 1.
Stoploss - 10 pips above the candlestick signal.
Lets see if we can catch a downside move here!
Best regards,
Trade active
Trade closed: target reached:
first target reached, second targets stoploss to BE. Cheers!
Trade closed: target reached:
Second target hit! Great trade.