AUDUSD sell (short-term)

Actualizado
The idea revolves around D, 4h and 1h timeframe.

  • 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.
Operación cerrada: precio stop alcanzado
The stop loss is too tight, so the position got stopped before it went lower, sadly, but that's the fact.
Chart PatternsTrend Analysis

Exención de responsabilidad