AUDUSD || back to reality
Updated
W1 stochastic in oversold
D1 stochastic 50%
4h stochastic high
W1 D1 - downtrend. The price is below the main EMAs.
Countertrend entry in anticipation of a correction to 50-61% + major EMAs
ideally would put a stop under 0.66000.
But since I want to confidently reach 2r, I put it higher
D1 stochastic 50%
4h stochastic high
W1 D1 - downtrend. The price is below the main EMAs.
Countertrend entry in anticipation of a correction to 50-61% + major EMAs
ideally would put a stop under 0.66000.
But since I want to confidently reach 2r, I put it higher
Trade closed: stop reached
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.