AUDUSD sell (short-term)
Updated
The idea revolves around D, 4h and 1h timeframe.
That's all, wish all of you a good trade.
- The price has rejected from the previous daily resistance (the red dashed line)
- There is no other level in between the daily resistance and the 4h resistance (the orange dashed line) except the 1h support (the yellow dashed line) that acts as a resistance (cause the price already went through it)
- The price already go higher and take the 1h resistance and then push harder to the bottom.
That's all, wish all of you a good trade.
Trade closed: stop reached
The stop loss is too tight, so the position got stopped before it went lower, sadly, but that's the fact.
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