AUDUSD Bearish Price Action Strategy

24 de fev. de 2021

Hello Traders ..

I would like to introduce this strategy (I don''t know what to call it) Hope this help for all traders...

Those areas are likely to become reveral or pullback when price reach to those areas.
e.g For Day Trade price usually pullback to the D1 Hi but not break over. When Price touch the D1 Hi / yesterday Hi it will continue with the down trend in bearish market.
e.g for weekly price usually bounce between the 5 day hi and low period.
e.g Remember when price break over the supporting level. Those supporing level will become new resistence level.

We should also combine with others indicatos to increase our chance to win the trade
e.g Stoch overbought and oversold in H1 H4 or D1 chart
RSI overbought and oversold in H1 H4 or D1 chart
20/50/100/200 EMA
Support and Resistence