AUD/USD: Pullback on? Here is my view (Sell-stop order!)
Hi guys,
Happy New Year! May this year be filled with health, love and good trades :-)
Even though I said previously that my last publication would be the last one, I decided to share with you my thoughts on an interesting pair which is the AUD/USD.
We have a super bullish weekly candlestick but it looks like bulls are taking temporary breather.
We had an impulse than a consolidation and now it seems the pullback is on should price touch the LVN node as shown in my chart. The LVN gap, once reached, is usually quickly filled. Price should likely go and test the 0.70500 area again. As you can see, the bearish flag, if the pattern is valid, has been broken on M15. Price should technically go down from here.
To be on the safe side, the idea is to put a sell stop slightly below the LVN at around 0.70800 and a target at 0.70500. That makes a 30-pip trade.
Please note that this idea is for educational purpose only. Trade at your own risk.
Best
Jesse
Happy New Year! May this year be filled with health, love and good trades :-)
Even though I said previously that my last publication would be the last one, I decided to share with you my thoughts on an interesting pair which is the AUD/USD.
We have a super bullish weekly candlestick but it looks like bulls are taking temporary breather.
We had an impulse than a consolidation and now it seems the pullback is on should price touch the LVN node as shown in my chart. The LVN gap, once reached, is usually quickly filled. Price should likely go and test the 0.70500 area again. As you can see, the bearish flag, if the pattern is valid, has been broken on M15. Price should technically go down from here.
To be on the safe side, the idea is to put a sell stop slightly below the LVN at around 0.70800 and a target at 0.70500. That makes a 30-pip trade.
Please note that this idea is for educational purpose only. Trade at your own risk.
Best
Jesse
Comment:
we also have a div on M15 as shown on the above chart
Comment:
Hi guys,
The structure has been broken as well as the previous higher low.
The structure has been broken as well as the previous higher low.
Comment:
Comment:
OK guys it looks like the pattern is getting clearer.
A nice H&S could be in place, check it out
A nice H&S could be in place, check it out
Comment:
The pair is about to breakout
Comment:
We have strong div + bearish volume on this resistance
I am not a buyer at these levels.
I am not a buyer at these levels.
Order cancelled:
Trade was not activated
In order to validate the current pattern, price should not close outside of it on H1/H4.