Use 2 graphs, one long term, and one shorter term.
I will use the Daily candle chart and Hourly candle chart.
From above, I see a downtrend in the daily chart, proceed to look at the Hourly chart.
From the Hourly chart above, there will be a sell opportunity when it dips. This is aligned with my previous 2 principles, which is to
- sell when the 20 SMA is under the 50 SMA.
- sell after a rise
So, I will be waiting for the AUD/USD to reverse downwards before I enter the trade.
No comments:
Post a Comment