AUDUSD rejection at 113% level
AUDUSD rejection at 113% level
I decide to enter a short position at 0.7706
as this is the 113% extension level which often
detects a fake break out.
the RSI already shows Divergence
the price action shows nice rejection at his level
a long tail candle touchs and falls quickly
SL is very tiny: 0.7716
Target is very big 0.7477 and 0.7150
I decide to enter a short position at 0.7706
as this is the 113% extension level which often
detects a fake break out.
the RSI already shows Divergence
the price action shows nice rejection at his level
a long tail candle touchs and falls quickly
SL is very tiny: 0.7716
Target is very big 0.7477 and 0.7150