Forex Factory| Learn To Trade AUDUSD Sell?
so guys can we sell AUD USD?
We will check this in live market and if it satisfy our condition then we will sell AUD USD.
What are the steps we need to take for my confirmation for AUD USD?
1-first of all we will go for D1 daily chart
2- In the chart we can see that the market is already came more and more up here
3-We are getting two candles with inverted hammer so one time you can say that it’s working like Twizzers Top Candlestick , 1st confirmation.
4-The second condition for selling is RSI is on the 70 level so market is ready to sell so this is our 2nd confirmation for selling.
Now we will use our third confirmation that we will sell tell the market if we get another Inverted hammer on Monday or shooting star it means that we will be enter into the market of AUD USD for sale.
it would be very good opportunity for selling.
so guys this is a trade setup for AUD USD you can see the same concept I am applying in this formation . the market is forming shooting star in Market has same movement as before we have Daily chart then we are here in H4 time frame for making second confirmation for the entry so on Monday as we will get the Inverted hammer oe shooting star on Monday we will enter here for the Sell so you need to just put your stop loss and need to put your TP with 1 is to 2 risk reward ratio or more than that.
Have a great day best of luck.
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