Tradingstrategyguides

AUDUSD 4H Back in Range Box

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
There maybe a possible range top breakout failure happening. If so I have a sell stop @ .8045 with a TP at the 50 sma. If a bearish continuation trend progresses price will brak below the 100 sma. I have another sell stop @ .7940 with the TP at the bottom of the range box @ .7805. Watch for the Macd Blue line to cross below the Red line and the 0 level line.
Comment:
My sell stop @ .8045 has been hit.

Come learn a new trading strategy at tradingstrategyguides.com?utm_source=tradingview

Our free Telegram channel: t.me/TradingStrategyGuides
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.