I think that AU will continue to sell today, this is what I am looking at. However, REMEMBER TO CHECK THE NEWS AND YOUR CHARTS BECAUSE IT IS NFP WEEK.
- Previous resistance in the supply zone - Break of structure on the downside from the previous candle - MOM is facing down but not yet below 0. You can wait for it to cross below 0 for added confirmation. - STOCH is facing down, crossed below 80, and the orange line above the blue line. You can wait for it to cross below 50 for added confirmation. - Candles are still above both EMAs so use caution here
You can do market execution or set a pending sell limit or sell stop to maximize your results in this potential trade idea. You can also use a previous high as a SL for a selling trade and a previous low as a TP.