top of page
Search

Closing buy and planning to sell | AUD/USD analysis by Keon Consultancy

Writer's picture: KeonConsultancy.comKeonConsultancy.com

We are gonna close buy at FIB 78.6 of downward thrust because it has become overbought. Moreover, MACD has made higher high whereas the price has made lower high; which forms a hidden bearish divergence.

If price returns downward from FIB 78.6 of downward thrust and make any bearish candle pattern on H4, we will enter sell and will target 30% of upswing. Please see attached graph to understand:


click to zoom

2 comments

2 Comments


Here is how sell position was entered:



Like

Buy trade has reached target. We will be looking for any bearish candle pattern on H4.

Like
bottom of page