Midnight_Trader

Focus follow sell on big correction wave

Short
Midnight_Trader Updated   
PEPPERSTONE:AUDUSD   Australian Dollar / U.S. Dollar
Firstly, I've followed the trend in Week and Daily timeframes. That I realized that AUDUSD is in Downtrend.
Then, I focus on finding a short order.
A technique that uses is the Fibo+Eillotwave+ Demand supply zone
  1. Fibo for Entry
  2. Eillotwaves for trend analysis
  3. DS Zone for Entry and Closing order

*We can focus on selling at a small amount lot and holding the position till it breaks a form to Uptrend. It doesn't need to SL If you plan it so.
Comment:
I've closed some orders to gain a balance and will be back in order soon, waiting for an opportunity.
Comment:
As I said, I focused on following trends. That means it's time to re-entry trade.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.