This is a good opportunity to Short AUS200
There is a double top after a rally and had broken through the trend on H4.
At the higher time frame D1 and W1, the price is currently at the extreme on a Parallel Channel with the last candle indicating a bearing move.
I am taking 2 different levels of entries:
• First entry would be at Market Price
• Second is a retracement at 5688.
SL above 5725
T1 @ 5500
T2 @ 5380
There is a double top after a rally and had broken through the trend on H4.
At the higher time frame D1 and W1, the price is currently at the extreme on a Parallel Channel with the last candle indicating a bearing move.
I am taking 2 different levels of entries:
• First entry would be at Market Price
• Second is a retracement at 5688.
SL above 5725
T1 @ 5500
T2 @ 5380
Comment:
Trade closed: stop reached:
Stop loss was too tight as I didn't expect a rally.
I have re-entered @ 5750
I have re-entered @ 5750
Comment:
Comment:
Revising the direction of aus200. I think the rally will
Comment:
Continue until 6000 approx
Trade closed manually