SIMPLE TRADE.
SELL @ 1.018.
EXIT TRADE IF H4 CLOSES ABOVE 1.0200 AS TRADE IS ALREADY INVALIDATED IF H4 MANAGES TO CLOSE ABOVE 1.02 RESISTANCE.
TARGET BTM OF FIB LEVEL AND BEYOND(DEPENDS ON CIRCUMSTANCES)
CONFLUENCE
61.8% FIB LEVEL
D1 20SMA
1.0200 RESISTANCE
ALL THESE AT PREVIOUS SUPPORT TURNED RESISTANCE
AUDUSD HAS BEEN ON THE UPMOVE FOR MORE THAN 200 PIPS, ITS TIME TO TAKE A REST DONT YOU THINK?
ON ANOTHER NOTE. TRADE MAY NOT TRIGGER ENTRY AS I MAY BE TOO LATE. IF PRICE BREAKS BELOW 1.0130 OR A BIG BEARISH H4 BAR APPEARS I MAY CANCEL TRADE.
SUBSCRIBE COMMENT AND LIKE MY IDEAS IF YOU AGREE OR DISAGREE.
SELL @ 1.018.
EXIT TRADE IF H4 CLOSES ABOVE 1.0200 AS TRADE IS ALREADY INVALIDATED IF H4 MANAGES TO CLOSE ABOVE 1.02 RESISTANCE.
TARGET BTM OF FIB LEVEL AND BEYOND(DEPENDS ON CIRCUMSTANCES)
CONFLUENCE
61.8% FIB LEVEL
D1 20SMA
1.0200 RESISTANCE
ALL THESE AT PREVIOUS SUPPORT TURNED RESISTANCE
AUDUSD HAS BEEN ON THE UPMOVE FOR MORE THAN 200 PIPS, ITS TIME TO TAKE A REST DONT YOU THINK?
ON ANOTHER NOTE. TRADE MAY NOT TRIGGER ENTRY AS I MAY BE TOO LATE. IF PRICE BREAKS BELOW 1.0130 OR A BIG BEARISH H4 BAR APPEARS I MAY CANCEL TRADE.
SUBSCRIBE COMMENT AND LIKE MY IDEAS IF YOU AGREE OR DISAGREE.
