Get started
DocWonmug

AUDUSD 240 short idea – 1D LH at resistance

Short
Australian Dollar / U.S. Dollar (OANDA:AUDUSD)  
DocWonmug Updated   
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Support and Resistance Trend Lines
6
0
supportandresistance trendline
A probable LH has formed at the resistance trendline that started on 3 Dec 2018. I have no observations on the RSI as far as a trigger, so this trade is based only on the resistance trendline plus SR at the LH. Watch out for the major upcoming events.
Trade active:
Forgot to update this when I entered the trade, but it is progressing nicely. Moved the SL to lock in some profits.

snapshot
Trade closed: stop reached:
Kind of depressing to miss the low and not have exited at 0.67771, but at the time I was still looking for the original TP. At least I had moved up the SL a couple of times and finished in the money.

snapshot
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.