Possible short continuation on AUDUSD
There is a with-trend pin bar on resistance with confluence as the wick is touching the 21 and 8 SMA.
I have put in a sell on stop below the low of the pin bar at 0.71983.
Targeting 2R at the next support level with a stop above the high of the pin bar and above the resistance level.
I have put in a sell on stop below the low of the pin bar at 0.71983.
Targeting 2R at the next support level with a stop above the high of the pin bar and above the resistance level.
Note
Inside bar formed adding to the strength of the signal.Trade closed: target reached
Sweet!
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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.