AU analysis for this week
I will explain everything, so be careful and read carefully
In 4H, the LOW I marked was broken and a new LOW will definitely be made
So the trend is no longer upward
Hoping that the trend will be down, we are looking for a SHORT position
I marked two ranges with yellow line that shows how everyone lost on those lines, those trend lines were made for your money, which is called liquidity.
Maybe some people want to BUY from the low range and come at a high price and SELL from the top
But consider that it is not a downward trend
So it is possible to break the lower range
The result is that I wait for the sell position until it reaches the good range that I marked above, then after the confirmation, I enter the sell position.
Be patient, you may trade less but your trades will be of high quality with great RR
I will explain everything, so be careful and read carefully
In 4H, the LOW I marked was broken and a new LOW will definitely be made
So the trend is no longer upward
Hoping that the trend will be down, we are looking for a SHORT position
I marked two ranges with yellow line that shows how everyone lost on those lines, those trend lines were made for your money, which is called liquidity.
Maybe some people want to BUY from the low range and come at a high price and SELL from the top
But consider that it is not a downward trend
So it is possible to break the lower range
The result is that I wait for the sell position until it reaches the good range that I marked above, then after the confirmation, I enter the sell position.
Be patient, you may trade less but your trades will be of high quality with great RR
Comment:
Trade closed: stop reached
