H1 did not show an strong alarm for long or short . Now , I bought it just based on H4 , market at lower time frame is very uncertain .macd & rsi wrote: Wed Apr 22, 2020 4:10 pm Let's take a look at the Australian dollar chart !!
weekly : bearish . absolutely !!
daily : waves , up and down , but bearish stronger than bullish !! and a nice reaction to 61.8% fibo level .
h4 : shows a bearish scenario !!
h1 : If system trading shows sell signal , an strong one ,, so
SELL
STOP @ 0.6410
TP @ 50 ,,, 100 ,,, 0.6210 ,,, 0.6010 ,,, maybe 0.555,,,,,,
Stop @ 0.6270
TP @ 0.6440 ,, 0.6560 ,,,,