AUD / USD Short Opportunity?? Trade Analysis
Disclaimer:
Any of the content presented on my page showing my analysis of the market is just that, an analysis which means this is my personal opinion of where the price is going to go. Do not by any means take this simple analysis for a reason to enter a trade, I am not presenting these analyses as a form of signals, simply a way to get feedback and opinions from others on how my trades look. Take this trade at your own risk, but know forex is a risky market that you can make a lot of money but can lose that money or even more just as fast, enter these markets with your own risk and good luck with your trading :).
Little Update:
Recently I have had not had too much time to post about my trades and my journey that I am very much still on, I will start to post more and more. I want to actually build a community so like minded traders can talk to one another and help one another. I know when I started I was looking for everyone and anyone to help me learn the markets and having people that are willing to give their opinion on one of your trades is so valuable whether you are experienced or a beginner. I am starting a twitter and YouTube soon so I can get more in depth about my trades, when I do that I will also attach that video to these post and will also start keeping more updates when it comes to me actually being in the trade throughout the week. Anyways, sorry again for not posting too much but I promise that will change and this is going to be the beginning of something big.
Daily Analysis:
So lets get on with it, as you can see price was in a range and had pushed to the top but could not hold those levels. Which in return leads to the market clearly forming a downtrend and approaching daily support from the past, on the way down though there really was no struggle and price made very clear bearish candles and looks like they have all the momentum at this point in time. The only problem would be the support that we are approaching but if price can break through that then we could have a potentially big sell on AUD / USD. Even if we do get a signal or I do take this trade I would not risk any more than half a percent on this trade to minimize my risk, guess what, if the trade goes in my favor I can add on a few more positions overall making it a one percent trade but scaling in makes a trade a little less risky. We would need confirmations or bearish engulfing candles on the lower time frames and then we could potentially see a trade.
Hourly Analysis:
Going off of the analysis of the daily time frame we already saw that price has a lot of momentum to the downside and there really is not much rejection or push to the upside except a few minor pullbacks. I think if there is a good sized bearish engulfing candle then we could potentially see a good trade with a lot of potential while risking a very small amount. In this trade like I had already mentioned I would not recommend risking more than half a percent when getting into this trade due to the recent support which price has a chance of bouncing off of. If you want to risk more then that is on you but even risking a small amount will get a few R in return.
I hope you all have a wonderful trading week and always feel free to send me a message whether that be for more information on the trading system or just any other questions you may have that are trading related.
Thanks again,
KeySlot
Any of the content presented on my page showing my analysis of the market is just that, an analysis which means this is my personal opinion of where the price is going to go. Do not by any means take this simple analysis for a reason to enter a trade, I am not presenting these analyses as a form of signals, simply a way to get feedback and opinions from others on how my trades look. Take this trade at your own risk, but know forex is a risky market that you can make a lot of money but can lose that money or even more just as fast, enter these markets with your own risk and good luck with your trading :).
Little Update:
Recently I have had not had too much time to post about my trades and my journey that I am very much still on, I will start to post more and more. I want to actually build a community so like minded traders can talk to one another and help one another. I know when I started I was looking for everyone and anyone to help me learn the markets and having people that are willing to give their opinion on one of your trades is so valuable whether you are experienced or a beginner. I am starting a twitter and YouTube soon so I can get more in depth about my trades, when I do that I will also attach that video to these post and will also start keeping more updates when it comes to me actually being in the trade throughout the week. Anyways, sorry again for not posting too much but I promise that will change and this is going to be the beginning of something big.
Daily Analysis:
So lets get on with it, as you can see price was in a range and had pushed to the top but could not hold those levels. Which in return leads to the market clearly forming a downtrend and approaching daily support from the past, on the way down though there really was no struggle and price made very clear bearish candles and looks like they have all the momentum at this point in time. The only problem would be the support that we are approaching but if price can break through that then we could have a potentially big sell on AUD / USD. Even if we do get a signal or I do take this trade I would not risk any more than half a percent on this trade to minimize my risk, guess what, if the trade goes in my favor I can add on a few more positions overall making it a one percent trade but scaling in makes a trade a little less risky. We would need confirmations or bearish engulfing candles on the lower time frames and then we could potentially see a trade.
Hourly Analysis:
Going off of the analysis of the daily time frame we already saw that price has a lot of momentum to the downside and there really is not much rejection or push to the upside except a few minor pullbacks. I think if there is a good sized bearish engulfing candle then we could potentially see a good trade with a lot of potential while risking a very small amount. In this trade like I had already mentioned I would not recommend risking more than half a percent when getting into this trade due to the recent support which price has a chance of bouncing off of. If you want to risk more then that is on you but even risking a small amount will get a few R in return.
I hope you all have a wonderful trading week and always feel free to send me a message whether that be for more information on the trading system or just any other questions you may have that are trading related.
Thanks again,
KeySlot
