Structure based opportunity on AUD/USD (LInk Inside Post)
Hey Traders !
Today I'm going over a structure based opportunity, I did use the daily to help narrow down this area so if you want to see more about it, check out the link where i go over it
youtube.com/watch?v=ZUanufnI2WE
Once we have the direction of the market figured out, then we go into our trading timeframe and narrow down the level of reversal. In this case we have two, one less aggresive than the other. I would wait for a reversal technique based on candlestick formations in these levels before shorting. Some of those techniques can include an engulfing candle, double top, railroad tracks, doji candle etc..
Like always if you have any questions, comment below, follow us on social media !
Daniel Garnier - Founder of The Alcove Fx
thealcovefx.com
Follow us on Instagram: TheAlcoveFx
Follow us on Periscope: TheAlcoveFx
Follow us on Youtube: youtube.com/channel/UCmcUTRjA4YqOQdu_MAY1afg
Today I'm going over a structure based opportunity, I did use the daily to help narrow down this area so if you want to see more about it, check out the link where i go over it
youtube.com/watch?v=ZUanufnI2WE
Once we have the direction of the market figured out, then we go into our trading timeframe and narrow down the level of reversal. In this case we have two, one less aggresive than the other. I would wait for a reversal technique based on candlestick formations in these levels before shorting. Some of those techniques can include an engulfing candle, double top, railroad tracks, doji candle etc..
Like always if you have any questions, comment below, follow us on social media !
Daniel Garnier - Founder of The Alcove Fx
thealcovefx.com
Follow us on Instagram: TheAlcoveFx
Follow us on Periscope: TheAlcoveFx
Follow us on Youtube: youtube.com/channel/UCmcUTRjA4YqOQdu_MAY1afg
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