AUDUSD - Analysis, could see a potential 'Sell'

2023年11月27日

Technical: AUDUSD - H4 time frame.

Key Indicators:

- RSI

- Stochastics

- Bollinger Bands

- EMA 55

Take Profit: Rectangle area/zone.

Analysis: The market is currently in the overbought zone, suggesting a potential bearish reversal. I see a possible 'Short' entry.

PS: This is my personal trading strategy and backtesting results. Please adjust accordingly.

2023年11月28日

注释

Update:

I consider both Daily and H4 charts when conducting my analysis, and I see that both charts are in alignment, indicating that the market is in an overbought zone.

The candlesticks formation on the charts suggests a potential reversal.

2023年11月28日

交易结束：到达止损

The market reacted to the news and not in my favour. SL triggered and the position was closed.

2023年11月30日

交易结束：到达目标

The AUDUSD market didn't move in my favour on Wednesday, but I was watching closely and knew I had a signal to sell.

I changed my plan and looked at the H4, H1, and M15 time frames. When all three were in alignment, I entered the market with a sell order and made a profit of 35 pips.

Next time, I'll focus on analysing the shorter time frames – H4, H1, and M15 – in this sequence instead of the W, D, and H4, I used before. I'll also do more, backtesting results.