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Stargazer_fx
Aug 10, 2020 4:21 PM

AUDUSD,price formed Bearish Engulfing, sell trade for 85+ pips.. Short

AUD/USDOANDA

Description

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AUDUSD
The price is below Support/resistance level ,after a pullback If price shows rejection from the level I expect the price to continue lower,wait for the price to make a pullback if price gives any bearish signal then look for sell opportunity...



For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on 1hr timeframe for confirmation to SELL..
Trade it with proper Sl..
In case, if price breaks above the support/resistance then we have to wait for a clear direction..

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*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Comments
davii_fx
Had my analysis today.... similar to yours.. got in a sell.. and the fundamentals also support the drop. Am holding my trade to the end of the week
Stargazer_fx
@davii_fx 🙏🙏
Stargazer_fx
@Stargazer_fx I also plan to hold till the weekend..
Deefriello900
Good idea
Stargazer_fx
@Deefriello900 🙏🙏🙏
vashdao
Sorry man, it went up. Nice try.
Stargazer_fx
@vashdao going up and down,lets see
FXCM
thanks for sharing, this is what I see on AUDUSD, price is holding nicely above its trend line :
Stargazer_fx
@FXCM thankyou for sharing
Fx_Trader_ViSa
thanks for sharing good idea
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