Oscillating down-trend market
+3 S/R touches
MACD divergence
Phase: Pullback
Decreasing momentum + bearish candlestick
More than 1:1 win ratio (TP based on 50 EMA resistance) Since the 50 EMA is a Exponential MOVING average, you have to update the TP every day. Check my setup updates !
IF THE ENTRY ORDER HASN'T TRIGGERED UNTIL THE NEW DAILY CANDLE OCCURS, REMOVE IT !
+3 S/R touches
MACD divergence
Phase: Pullback
Decreasing momentum + bearish candlestick
More than 1:1 win ratio (TP based on 50 EMA resistance) Since the 50 EMA is a Exponential MOVING average, you have to update the TP every day. Check my setup updates !
IF THE ENTRY ORDER HASN'T TRIGGERED UNTIL THE NEW DAILY CANDLE OCCURS, REMOVE IT !
Order cancelled
Comment:
Check my other AUD/USD setup, i posted this with wrong discription.