AUDUSD - Hanging Man / 2 Bar engulfing on Supply Level - SELL
Hi traders,
I found a supply level that was hit last week. The price was in a little consolidation.
I waited for a confirmation (candle formation) before entering the trade. The confirmation was a 2 bar engulfing pattern / Hanging Man pattern on the D1 Chart.
This post is a little late, as I forgot to upload the idea after I entered the trade.
You can use it as a supply and demand theorie.
Always remember to trade with proper money management.
I recommend a maximum risk of 2%.
I found a supply level that was hit last week. The price was in a little consolidation.
I waited for a confirmation (candle formation) before entering the trade. The confirmation was a 2 bar engulfing pattern / Hanging Man pattern on the D1 Chart.
This post is a little late, as I forgot to upload the idea after I entered the trade.
You can use it as a supply and demand theorie.
Always remember to trade with proper money management.
I recommend a maximum risk of 2%.
Trade closed: target reached
Hi Traders,After 13 Trading Days we reached the target! :)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.