Trade Alert: Short AUD/USD with Bearish Flag Pattern Breakout
Dear Tradingview family,
Symbol: #AUD USD
Strategy: #Trend_Continutuon #Breakout_Bearish_Flag_Pattern.
Trade Call Type: #Short.
Order Type: Sell Stop
Indicators: #Price_Action. #Chart_patterns, #Bearish_Flag_Pattern
#Bearish_breakout. #RSI #RichTL #Support_Resisitance #Trendline
Entry: Short when price breaks the Bearish Flag Pattern.
Anchor Time: 1 Hours
Trading Time Frame: 4 Hours.
Entry price: 0.65601
Take Profit: 0.63479
Stop Loss
RRR- 1:1
Methodology:
As a professional and experienced forex, crypto and stocks trader, I will be using a rigorous methodology that involves analyzing the price action and key levels and using a combination of indicators and chart patterns. I will be looking for potential trendlines, support & resistance levels where the price action may reverse and using our indicators to confirm the validity of our analysis. Based on my analysis, I will then determine the optimal entry and exit points for our trade, as well as the appropriate stop loss level to manage risk.
Analysis:
The current price action on the AUD USD chart is showing a clear Breakout of #Bearish_Flag_Pattern on 4 hourly timeframe. Additionally, the RSI indicator is NOT showing any bullish divergence which add value to the strength of continuation pattern.
Price action’s this move provides me opportunity to earn some profits on when it is providing a great value of RRR.
My Sell Stop entry is planned to execute when price action come down and break the neck of the flag.
Conclusion:
Based on our analysis, I believe that there is a potential trading opportunity for a SHORT trade.
Risk Assessment:
Conservative Traders risk 0.5% to 1.5%, moderator traders risk 1.6% to 3.5% and aggressive traders risk 3.6% to 5% of their account per trade.
Please use Position size calculator to calculate your risk per trade.
Overall, I believe this setup has a good chance of success based on the technical analysis , but as always, it's important to monitor the price action closely and adjust the trade if necessary based on new information.
Symbol: #AUD USD
Strategy: #Trend_Continutuon #Breakout_Bearish_Flag_Pattern.
Trade Call Type: #Short.
Order Type: Sell Stop
Indicators: #Price_Action. #Chart_patterns, #Bearish_Flag_Pattern
#Bearish_breakout. #RSI #RichTL #Support_Resisitance #Trendline
Entry: Short when price breaks the Bearish Flag Pattern.
Anchor Time: 1 Hours
Trading Time Frame: 4 Hours.
Entry price: 0.65601
Take Profit: 0.63479
Stop Loss
RRR- 1:1
Methodology:
As a professional and experienced forex, crypto and stocks trader, I will be using a rigorous methodology that involves analyzing the price action and key levels and using a combination of indicators and chart patterns. I will be looking for potential trendlines, support & resistance levels where the price action may reverse and using our indicators to confirm the validity of our analysis. Based on my analysis, I will then determine the optimal entry and exit points for our trade, as well as the appropriate stop loss level to manage risk.
Analysis:
The current price action on the AUD USD chart is showing a clear Breakout of #Bearish_Flag_Pattern on 4 hourly timeframe. Additionally, the RSI indicator is NOT showing any bullish divergence which add value to the strength of continuation pattern.
Price action’s this move provides me opportunity to earn some profits on when it is providing a great value of RRR.
My Sell Stop entry is planned to execute when price action come down and break the neck of the flag.
Conclusion:
Based on our analysis, I believe that there is a potential trading opportunity for a SHORT trade.
Risk Assessment:
Conservative Traders risk 0.5% to 1.5%, moderator traders risk 1.6% to 3.5% and aggressive traders risk 3.6% to 5% of their account per trade.
Please use Position size calculator to calculate your risk per trade.
Overall, I believe this setup has a good chance of success based on the technical analysis , but as always, it's important to monitor the price action closely and adjust the trade if necessary based on new information.