AUDUSD taking a dive after finding RESISTANCE on the Channel(D).
It is evident that AUDUSD has been downtrending ever since it hit Resistance on a Daily timeframe, to date 26 Jan '18. Until another Resistance was found on the Downward Channel around just below 0.73500 zone.
The SELL signal is derived after price found Resistance(as abovementioned) and also evident that after price intersected the HH (of the previous Uptrend:Upswing move/upward move on the channel) and creating LH's and LL's[switch to 4hr, 1hr and 30min for clearer picture).
CONCLUSION:
SL:0.72766
SSP:0.72036(entry no.1)
TP1:0.71649(entry no.1
TP2:0.70719(entry no.2
TP3:0.70243(entry no.3)
PENDING ORDERS:
SSP2:0.71649(entry no.2)
SSP3:0.70719(entry no.3)
use the above TPP for pending orders.
Use of Sell Stop Price is recommended for entries than instant execution because a last-kiss/pull-back can be expected before the high-pressured-sell momentum.
The SELL signal is derived after price found Resistance(as abovementioned) and also evident that after price intersected the HH (of the previous Uptrend:Upswing move/upward move on the channel) and creating LH's and LL's[switch to 4hr, 1hr and 30min for clearer picture).
CONCLUSION:
SL:0.72766
SSP:0.72036(entry no.1)
TP1:0.71649(entry no.1
TP2:0.70719(entry no.2
TP3:0.70243(entry no.3)
PENDING ORDERS:
SSP2:0.71649(entry no.2)
SSP3:0.70719(entry no.3)
use the above TPP for pending orders.
Use of Sell Stop Price is recommended for entries than instant execution because a last-kiss/pull-back can be expected before the high-pressured-sell momentum.
Komen:
Correction...Like I had mentioned above with regards to [ a last-kiss/pull-back can be expected before the high-pressured-sell momentum.}..It's a short term long
Komen:
projections following after price found resistance
projections following after price found resistance