I sold this at the close of the strong bearish candle after the doji/hanging man candle.
Price retested the resistance zone at .7607 - which is an area of previous support and resistance.
Price got rejected from the resistance zone, so I am selling AUDUSD down to the next significant support level, which is 0.7515.
My stop is above the most recent high.
Price retested the resistance zone at .7607 - which is an area of previous support and resistance.
Price got rejected from the resistance zone, so I am selling AUDUSD down to the next significant support level, which is 0.7515.
My stop is above the most recent high.
Note
stop hit
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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.