ForexRobotNation.com – Best Forex Robot & Expert Advisor Reviews Forex Robot, Expert Advisor AUD/USD Long-Term Trend: Bearish
Key Resistance Levels: 0.6993, 0.7125, 0.7284
Key Support Levels: 0.6805, 0.6730, 0.6652
Daily Chart:
The price on the higher time frame has recently started a downtrend after forming lower-high candles. There are a few rejection wicks seen and the price broke a support level of 0.6993 with good momentum. We expect further trend continuation.
AUD/USD Medium-Term Trend: Bearish
1-Hour Chart:
On the lower time frame, the pair is moving in the major trend’s direction. The price broke to the downside and then consolidated between the range of 0.6949 and 0.6904 for some time. As of now the lower support has been broken and retested before picking up the momentum again.
Signal Idea:
Sell Limit Order @ 0.6880
TP 1 @ 0.6808
TP 2 @ 0.6736
Stop Loss @ 0.6952
Trade Safely 🙂
I’ve hit stop loss. Not stressing, I’m in demo mode. maybe I did something wrong?
You should always follow all the parameters entry/SL/TP as mentioned in the post.
Hi, this trade is about to hit SL.
Hi, It is far from SL will update if there is any change.
Not going to well. Wait another couple of hours?
This is in profit right now, if you are nervous about the analysis, manually intervene all you want.
The signal really works 💸🥺
Am I being dumb here? Shouldn’t this be a sell stop order and not a sell limit?
Maybe its something to do with tradingview as it took sell limit but i’m sure in MT4 if the trade is to continue in the same direction its a STOP order. Limit orders are for when the price hits a limit and reverses ???
Hi Gary,
If the current price is lower than the entry price then it is Sell limit order and if it is higher then it is Sell Stop order.
Hope this clears it.
Thanks, I guess I buy more than I sell, which could explain how I always lose in the current market haha.