KaltoireCapital

AUD/USD struggles in the hourly chart, probable sell opportunity

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
Hello traders, AUD/USD has been struggling to clear the 0.6620-0.6650 resistance zone.
We have observed multiple bearish candlesticks on the hourly chart.

So, if price continues to struggle here, there could be a potential short opportunity
with initial target at 0.6550 level.


Keep in mind that this is the hourly chart, so even if you sell, consider taking profit
if price moves 30-35 pips in profit
Trade active:
Sold@0.6605
Comment:
This trade has definitely not worked in a way I would have hoped, But I am keeping the trade open as I feel there is a likely to a bearish move tomorrow
Comment:
55 Pips running profit
Comment:
90 Pips running profit from my sell at 0.6605
Trade closed manually:
Closed@0.65 with 105 Pips profit
Patience is a virtue
Comment:
AUDUSD now 143 Pips in profit
Trade closed: target reached:
AUD/USD reacht the target, the idea generated over 150 pips profit.

Currently, considering a buy trade
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