AUDUSD UPDATE - Short position possibility at 0.6910 Resistance
Price is retracing as expected towards the 0.6910 level. Given a good Pin Bar or Bearish Engulfing on the 4 hour or even the Daily, this would be a great level to go SHORT.
The Risk/Reward seems fitting enough to pull the trigger on this trade, granting it materializes the necessary parameters.
The Risk/Reward seems fitting enough to pull the trigger on this trade, granting it materializes the necessary parameters.
Note
UPDATE: This trade setup went nicely. It almost reached the Stop Loss but ended up turning around and barely touching the Take Profit.
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.
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.