Trade Setup: AUD/USD – 8 Sep 2016

8 Sep 2016
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8-sep-2016-audusd

Candle Stick Pattern: Evening Star at (1)
Confirmation:

  • Stochastic overbought range at (3), also confirming divergence at (2) & (3).
  • Touching outer band of Bollinger Band at (1).
  • Retesting the support of (4) at (1).

Signal: SELL
Entry Point: 0.7638
SL: 0.7733 (95 pips)
TP: 0.7481 (157 pips)

[Update 1 – 12 Sep 2016]

Set SL to current bar High.

[Update 2 – 12 Sep 2016]

8-sep-2016-audusd-cont

Trade closed in profit.

 

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