Hi guys, was flipping my charts around and saw an interesting setup on AUDUSD.
This is a bearish shark which is about to complete very close to $0.81.
This is how I will trade this.
How to trade the bearish shark setup on AUDUSD?
1) Wait for price to hit PRZ level around $0.8090 -$0.81 2) Lookout for volume divergence around this level (Price hit $0.81 but volume drops considerably) 3) Enter after price completes a bearish candlestick pattern which closes on the low
EP: 0.81 (Very close to this level, no reaction at this PRZ level no trade) SL: 0.8150 TP: 0.7980
交易开始
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Went in after the red bar completed after fomc around 0.8050. Hoping for a nice ride even though I did not bother to find out what was the news during fomc. I set my TP to open and am willing to hang on to this for awhile.
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Adjusted my TP to 0.7815
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Still moving down nicely. I will be taking profit off my positions at 0.7815 - 0.7820.
great trade