DatTong

EURAUD, Continuous downtrend after broken !

FX:EURAUD   Euro / Australian Dollar
D1:
- Structure: Uptrend
- SHS pattern forming?!
- Candle: Pinbar
- Prior tendency: Pullback deep !
--> Sell

H4:
- Prior Sideway and three top and multi bottom
- Strong Broken
- Retest and Closed below resistance
---> Sell

Prior analysis

Comment:
Comment:
Comment: Profit: Order 1: 100pip, order 2: 50pip
Take profit 1/2 volum. Move stoploss to entry
Break!
Reply
Sell Or Buy??
Reply
DatTong Parthvaghani
@Parthvaghani, still sell.
Reply
On 7D chart, it looks like a perfect head & shoulders too if you've noticed. Looks like a great call to sell and the drop will be steep hopefully!
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@faiz16, Thanks Man !
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Hello, are you still thinking this will be a sell? I made an entry, but it seems to be making a small uptrend. Are your SL and TP at the levels you marked?
+1 Reply
DatTong DocWonmug
@DocWonmug, yep, sell !
+2 Reply
DatTong DocWonmug
@DocWonmug, SL outside candle D1 ( Pinbar)
Reply
@DatTong, Alas, that SL was hit. Perhaps a retest of 1.56973? What do you think? And thanks for the quick reply. Best regards
Reply
For this, the confirmation is already there aswell as a pinbar. So it’s a direct sell without any wait? Maybe a bit off pullback for market open but is this a straight sell?
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