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forex47_

AUDUSD (H4) - Sell Stop

Short
Australian Dollar / U.S. Dollar (OANDA:AUDUSD)  
forex47_ Updated   
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Support and Resistance Fibonacci Oscillators AUDUSD sellstop Technical Analysis priceaction
5
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supportandresistance fibonacci oscillator audusd sellstop technicalanalysis priceaction
  • AUDUSD has declined after RSI is above 70

  • Main trend is still up, RSI is higher than 50

  • Currently AUDUSD is located at the Fibonacci Retracements 61.8 (0.75095) area.

  • Wait for the downtrend (possibly) to Sell

  • Sell Stop 0.74459
    SL: 0.75164
    TP1: 0.74187
    TP2: 0.73631
Comment:
- AUDUSD (H4) has not reached the entry point.
- A new week will begin with a changing market sentiment.
- Cancel Sell Stop order with AUDUSD.
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