Aud Usd Shorthello Traders,
What I am seeing in Aud/Usd is that that we have a potential sell set up which in my opinion and my trading plan is a High Quality trade with MASSIVE Risk to Reward with Final Target 1:37%
Why is High Quality:
1) As we can see, the Two Previous highs are manipulated with a beautiful mitigation Candle stick and then we a sharp movement to the down side from the start of the movement by an Institutional Candle stick Next to the mitigation!
2) We have An Internal LQ
3) We have A brake Of Structure One on the top and one in the Bottom
4)Clear Targets Under The previous internal and inside Of the imbalance
5) Thursday's Previous high/low cleared
Please type in the Comments you opinion and if you like it you can share it ;)
Thank you
Trade safe
Internal
Some statistics for ya' mindsBullish flag breaks on though the top and I drop some knowledge right here:
Between 24-Jan-2014 and 23-Jan-2019, there have been 7 independent observations where the Average 5-Day RSI for S&P 500 Stocks crossed below the level of 70.
After 5 days, the S&P 500 returned an average of 0.65% (SD 0.78%), with the return being positive in 86% of the observations.
SPX crossed this level on Tuesday. Therefore on next Tuesday we may be up in relation to this Tuesday.