Aussie short again
we see again a Weekly pin bar at a swing high, plus d1 shows pretty much a bearish engulfing ( by open and close.
On engulfing i play the low of the previous bar as the entry point and then h1 for entry.
I like the high time frame bias, ultimately would like more confluence with fibs or ATR but not here at the moment.
Last time we had this sort of w1 and d1 bias, this sort of trade took 130 pips in profit so I'm keen to use this sort of probability again.
On engulfing i play the low of the previous bar as the entry point and then h1 for entry.
I like the high time frame bias, ultimately would like more confluence with fibs or ATR but not here at the moment.
Last time we had this sort of w1 and d1 bias, this sort of trade took 130 pips in profit so I'm keen to use this sort of probability again.
Note
Looking to RBA minutes to spur this lowerTrade closed: stop reached
didn't have TP on my order - that was stupid! should have been a winner for about 60 pips.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.