AUD/USD - Sell on 6H - Countertrend73038

AUD/USD - This is a risky trade due to it being countertrend. AUD/USD has shown strength the last week and is becoming bullish, however a pullback could be likely, in fib zone and showing some divergence on MACD and STOCH. We are looking to sell from current price to 0.73530. We will look for a limit of 0.72405, however if trade becomes active we will monitor PA, especially at 0.73038.

Timeframe - 6H
Resistance - 0.73530
Stop - 0.73849
Support/Limit - 0.72405

Happy Trading!

Order cancelled:

We should have entered when making this idea with half position size and then entered other half at 0.73530. Price did not make it up to our order but hit target perfectly. We live and learn.