What's good trading view fam HOPE ALL IS WELL with your trading journey 💚 - The weekends, for me, are a way to prepare and maximize my trading opportunities going into the new trading week by focusing on what worked and what didn't work within my strategy and gaining new information 💯 - I'm predicting that the price of AUDUSD will continue to decline further this week - HERE IS WHY (let me know what yall think in the comments)
(THE REASON + ADVANTAGE + EDGE ON THIS TRADE) - My reason for entering this sell trade is because of this recent resistance level that has a total of 12 bullish candle wicks touching it, which I believe gives it the potential power + ability within itself to push the price down 130 pips from the current price because this resistance level has more bullish candle wicks touching it than the previous resistance level above it that was able to push the price down 140 pips from it with fewer bullish candle wicks = making this resistance level more likely to do what I believe it can do which is push the price down 130+ pips
(BETTER CHART VIEW 🌇)
(My Sell Position) My entry price will be $0.67244 or greater The price of my SL is $0.67405 (17.5 pips) The price of my TP is $0.63335 (130.5 pips) - RISK MANAGEMENT SHOULD ALWAYS BE APPLIED, AND THAT'S MANDATORY ✅