Daily Support created the illusion for people to go long, the stop losses just below.
Remember if you buy, your stop loss is a sell. You SELL your BUY position at a worse price!
China and Australia's economies are very tied together, due to the corona outbreak the AUD is tanking.
This added with the fuel from all the stop losses below the daily resistance zone create a good ammunition to take price down.
Plus breakout traders golden rule is usually trade support becoming resistance etc.
I entered after a pullback/retracement and break lower on 1hr.
Remember if you buy, your stop loss is a sell. You SELL your BUY position at a worse price!
China and Australia's economies are very tied together, due to the corona outbreak the AUD is tanking.
This added with the fuel from all the stop losses below the daily resistance zone create a good ammunition to take price down.
Plus breakout traders golden rule is usually trade support becoming resistance etc.
I entered after a pullback/retracement and break lower on 1hr.
交易結束:目標達成
Target almost done, exiting before weekend.免責聲明
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。