AUDUSD - Sell Hello traders!
I have marked sell zones for you where I will look for a selling opportunity but everything is if the price gets there, this analysis is for the H1 TF, it is always possible that the M15 TF can react earlier and send the price down earlier. It all depends on how close the candles, because each such candle tells its own story.
I wish you good luck and a nice weekend.
IMPORTANT WARNING:
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Rebounds from marked zones created by trading positions of large institutions such as banks or various financial funds may not create new HH or LL and therefore it is very important to collect partial profits at least according to these rules. This will help you to keep your equity curve constantly growing and protect your funds from big drops if the price unexpectedly turns against you. But the decision is only in your hands.
I personally prefer setting up multiple TPs , here's an explanation:
1) 1:1 allows you to take a 50% position and thus secure a balance against loss in case the market turns
2) 2-5 :1 means profit (25% trade volume ), after reaching this TP I move SL to BE
3) 5-10 :1 means bonus money with rest of trade volume (again 25%)
Money is lying on the ground, just bend down for it! Be patient and wait for the price to reach a strong zone and open a position!
