shomonrobie

AUDUSD Short on Symmetrical Triangle/Bearish Sentiment

FX:AUDUSD   Australian Dollar / U.S. Dollar
Sell FX:AUDUSD             after break out blew Symmetrical Triangle
Consolidation for last 7 days, which created a perfect symmetrical triangle. So, price could break out above the desceneding trendline or break below the ascending trendline . Because market sentiment if Bullish for USD; I will sell if price breaks below ascending trendline

Daily Last Candle closed inside the previous Spinning Top ; suggesting bear strength
Base Range of the Symetrical triangle is 115 Pips
So, target also 115 Pips; which is near 1.272 Fib Level

STOP LOSS: 15 Pip above the last Candle
Take Profit: 1.272 Fib Level
Risk Reward: 1.52



Comment: Possible Entry Points after Monday Market Opening.

snapshot
Comment: I did not place this order as Price did not break below the ascending line!
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out