PriceActionTrading
Short

AUDUSD TRENDLINE PIN BAR D1

FX:AUDUSD   Australian Dollar / U.S. Dollar
198 4 4
SIMILAR TO MY NZDUSD             PATTERN.
IT SEEMS THERE ARE CORRELATION FOR EUR GBP NZD AUD /USD PAIRS SIGNALLING SHORT TERM BEARISH BIAS.

HOWEVER, IF THERE'S ONE THING IN TRADING THAT I HAVE LEARNT.
IT IS THAT THE MORE OBVIOUS THE TRADE IS, THE MORE DECEIVING IT ACTUALLY IS.
BIG PLAYERS WILL USE THE CONTRARIAN APPROACH.

SO TRADE WITH CAUTION.
SOMETIMES IT JUST PAYS OFF.
PRICE REACHED BOTTOM OF SHORT TERM CHANNEL. TP2.
CLOSING OUT MY TRADE.
LETS NOT BE GREEDY SHALL WE.
EXPECT SOME STRENGTH FOR THIS PAIR.
AND LOOK FOR OPPORTUNITY TO SHORT ONCE AGAIN.

WILL POST VIABLE OPPORTUNITY IF ARISES.
Reply
CLOSED HALF AT TP1 : MOVED STOP TO BREAKEVEN.
LOOKING FOR GREEDY TP2.

LOOKING TO RE ENTER AGAIN AT 0.782.
Reply
the way I see it is indecision ( doji ) at resistance. safer play is doji breakout trade. you`ll know where it breaks which side to take. good luck
+1 Reply
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