AUD/USD Bearish Breakout Idea, keep it simple!

OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Aussie it got rejected at price of 0.72030 showing a great resistance level which created a down trend from the 26th of February.
Today session sees a -0.85% circa in variance from last night prices due the negative result of the 4th quarter Australian Gross Domestic Product ( GDP), European session is now close so the price might stay around the support level of 0.70270 creating a range started a few hours ago.
Expectation is the price to break out the support level of 0.70270 to the reach the next level which will be my target of 0.69180.
Awaiting a confirmation from price action to place a trade 5 pips lower than 0.70270 placing a stop loss above at 0.70550 and a take profit below at 0.69180.
Trade active: Entry level triggered, entry price 0.7017 with stop loss placed at 0.7058 and take profit at 0.6920


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out