AUDUSD 1D
SHED SOME LIGHT IN THE COMMENTS :)
Potential Trade:
(Could make a 5th top before breaking out
Break out could happen in the next 2 weeks )
1/ Trend respecting Up Trend Support line on 1H, 4H and 1D Chart.
2/ Crossing EMA and MA's on the 1D chart
3/ Possibility of divergence when this candle or the NEXT candle finishes.
- Using a tight S/L-
Concerns:
1. Upward Triangle with 4 Tops
(Short potential in the next few weeks)
Reevaluate if:
1/ Up Trend Support line is broken.
2/ Lower Low is made
3/ Purple S/R lines are broken
Potential Trade:
(Could make a 5th top before breaking out
Break out could happen in the next 2 weeks )
1/ Trend respecting Up Trend Support line on 1H, 4H and 1D Chart.
2/ Crossing EMA and MA's on the 1D chart
3/ Possibility of divergence when this candle or the NEXT candle finishes.
- Using a tight S/L-
Concerns:
1. Upward Triangle with 4 Tops
(Short potential in the next few weeks)
Reevaluate if:
1/ Up Trend Support line is broken.
2/ Lower Low is made
3/ Purple S/R lines are broken
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