CONFIRMATIONS
1. Checking on up coming news it seems like there's going to be heavy movement on AUDUSD so I decided to take a look at the charts. On Monday 6/20 RBA Gove Lowe Speaks & Monetary Policy Meeting. Also on Friday 6/24 RBA Gov Lowe Speaks.
2. My 50 MA is now above price which is a possible sign of a downtrend.
3. Waiting for price to hit my fib retracement, to look for a possible sell entry.
4. Set my take profit to -27 extension.
5. Set my stop loss a little bit past where price was before it dropped.
1. Checking on up coming news it seems like there's going to be heavy movement on AUDUSD so I decided to take a look at the charts. On Monday 6/20 RBA Gove Lowe Speaks & Monetary Policy Meeting. Also on Friday 6/24 RBA Gov Lowe Speaks.
2. My 50 MA is now above price which is a possible sign of a downtrend.
3. Waiting for price to hit my fib retracement, to look for a possible sell entry.
4. Set my take profit to -27 extension.
5. Set my stop loss a little bit past where price was before it dropped.