audusd h8 distribution short/hold tp 6200
Updated
🔸Hello traders, let's review the 8 hour chart for AUDUSD today. Ongoing distribution in
progress since March 2023, currently breakdown detected, expect further losses.
🔸Aussie dollar under fresh sell side pressure recently also going into August
weak seasonality based on past 10 years of data, therefore expecting fresh losses
since the distribution range is breaking down and bears maintain control.
🔸Recommended strategy for AUDUSD bear: short sell near market / short sell
weak rips/rallies as we are headed into breakdown of the multi-month distribution
range. TP1 bears is 6340 TP1 bears is 6200. trading at 6520 now therefore 300 pips
downside remains in this market. good luck traders!
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Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
progress since March 2023, currently breakdown detected, expect further losses.
🔸Aussie dollar under fresh sell side pressure recently also going into August
weak seasonality based on past 10 years of data, therefore expecting fresh losses
since the distribution range is breaking down and bears maintain control.
🔸Recommended strategy for AUDUSD bear: short sell near market / short sell
weak rips/rallies as we are headed into breakdown of the multi-month distribution
range. TP1 bears is 6340 TP1 bears is 6200. trading at 6520 now therefore 300 pips
downside remains in this market. good luck traders!
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Comment
gbpchf 8hours short from resistance tp +400 pips
tp hit +400 pips congrats
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new gbpchf setup via linkgbpchf h8 best level to buy/hold tp +350 pips
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usdcad 8hours buy/hold tp +200 pips swing trade
Trade active
+140 pips running pnl will updateonce we hit TP1
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+150 pips. TP1 almost hit, 30 pips left until we hit TP1!Comment
some of the highlighted comments posted in the comments section below lolThis will never happen.. stupid idea..
I do not think that is going to happen..
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