AUDUSDAU 1D: It is clear that price is currently in sideway. Overall trend still downtrend. As long as price do not close above the RBS areas... then I still pro sell.
AU 4H: Bearish Marubozu formed and rejected 2 RBS zones. We might be able to make some profits there.
Target entry:
Sell limit @ 0.7430
SL @ 0.7460
TP @ 0.7370
RRR 1:2
TAYOR
Trade closed: target reached
Price did hit TP. But my entry was at 0.7460 after the marubozu closed at that SBR zone. It was a good trade. Been busy with daily stuff. I can't update regularly.
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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.