on this trade AUDUSD has been moving to the downside where we saw price breaking the daily high and pushing back to the downside.
where we started to see price creating an impulsive move to the downside on the 4hour timeframe and a three touch ascending channel first touch second touch which is the middle section waiting for the last touch to complete the channel.
now we wait for price to sweep the $ hour timeframe hook point and take a short position
or wait for a push flag either 1 hour or 15min flag stop loss in place 0.40% would be better to move price to the downside.
where we started to see price creating an impulsive move to the downside on the 4hour timeframe and a three touch ascending channel first touch second touch which is the middle section waiting for the last touch to complete the channel.
now we wait for price to sweep the $ hour timeframe hook point and take a short position
or wait for a push flag either 1 hour or 15min flag stop loss in place 0.40% would be better to move price to the downside.
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.
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.