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Emekadavid

Bearish engulfing at resistance in AUDUSD

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
Emekadavid Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis audusdshort price-action-trading Technical Analysis
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trendanalysis chartpattern beyondta audusdshort price-action-trading technicalanalysis
AUDUSD has formed a bearish engulfing at resistance. This pattern indicates that price will likely go south. Time to short it.
Do all due risk management and position sizing for the trade.
Comment:
Use pending order until price breaks the low of the bar. I am sure you know how. Else, ask me.
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