SHORT AUDUSD @ 0.7057
TP @ 0.6829
SL @ 0.7147
Lets keep this clean. AU is rejecting off the bearish resistance line in the downward channel, this tell us that the highs are in place and we can expect it to retrace lower.
I am aware DXY is soft atm, but if this changes we could see a free fall in this cross which would be good.
This trade offers a 2.5/1 RR ratio.
Good luck :)
TP @ 0.6829
SL @ 0.7147
Lets keep this clean. AU is rejecting off the bearish resistance line in the downward channel, this tell us that the highs are in place and we can expect it to retrace lower.
I am aware DXY is soft atm, but if this changes we could see a free fall in this cross which would be good.
This trade offers a 2.5/1 RR ratio.
Good luck :)
Note
Trade running at +37 pips in profit. Now trading at 0.7020. We need need to stay below 0.7025 to confirm this move lower.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.