澳元/美元看空
AUDUSD, 4hr tf, ascending trendline breakout
Hello my friends,
New week new spirit.
Today we saw USD gaining some strenght after 1 month of depreciation.
In my opinion we could still some strenght in USD so we will want to start selling other major currency and buy USD.
As for AUDUSD, you could see price already broken below the ascending trendline which formed since November 23rd.
Today, we got a close below the trendline on 4hr time frame and i think this is the beginning of further drop.
We are now waiting for AUDUSD to retrace around 0.7400-7405 before entering sell.
The recent downward movement could be marked with elliott wave movement. It is very clear the recent drop was an impulse and it could be marked as wave-iii. After completion of wave-iii, we could expect wave-iv to form which is a correction wave.
We will try setting a sell limit on the 50%fibonacci retracement of wave-iii.
It will yield a 5R trade setup with only 10 pips stop loss if price come to take our sell limit pending order.
Sell limit AUDUSD 0.7405
Stop loss 0.7415
Take profit 0.7355 (5R)
RR Ratio 1 : 5
Use only 1-2% risk
Good luck
New week new spirit.
Today we saw USD gaining some strenght after 1 month of depreciation.
In my opinion we could still some strenght in USD so we will want to start selling other major currency and buy USD.
As for AUDUSD, you could see price already broken below the ascending trendline which formed since November 23rd.
Today, we got a close below the trendline on 4hr time frame and i think this is the beginning of further drop.
We are now waiting for AUDUSD to retrace around 0.7400-7405 before entering sell.
The recent downward movement could be marked with elliott wave movement. It is very clear the recent drop was an impulse and it could be marked as wave-iii. After completion of wave-iii, we could expect wave-iv to form which is a correction wave.
We will try setting a sell limit on the 50%fibonacci retracement of wave-iii.
It will yield a 5R trade setup with only 10 pips stop loss if price come to take our sell limit pending order.
Sell limit AUDUSD 0.7405
Stop loss 0.7415
Take profit 0.7355 (5R)
RR Ratio 1 : 5
Use only 1-2% risk
Good luck
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。