once again price has rejected the the upper trend which was acting resistance from the higher time frame triangle pattern
then we seen price could not make any further higher high and breakdown the higher low
indicating the bearish pressure
we are trying to short AUD/USD based on the breaker block = 0.66458, with SL = 0.66630 (17pips) and Target = 0.65958 (50 pip)
then we seen price could not make any further higher high and breakdown the higher low
indicating the bearish pressure
we are trying to short AUD/USD based on the breaker block = 0.66458, with SL = 0.66630 (17pips) and Target = 0.65958 (50 pip)
Trade active
Note
so far price is into our favourTrade closed: stop reached
although price is taking rejection from bearish order block
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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.
Related publications
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.