FotiosDimitriou

AUDUSD Short - Flashcard

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD Short - In a bearish cycle on the H1, at level 2, where the momentum is still bearish. Therefore, next possible buy zone is at the bullish OB @ around 0.681. The chart on the M15 showed a Double Top formation indicating resistance (cycle is bearish), as price would not break that point, then the pin off the 800 EMA confirmed the trade which was opened on the M15 for a precise entry. SL was 7 pips above high of the day and 15 pips above Trade Open. TP was 40 pips below Trade Open @ YL.
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