TobyJae

AUD/USD Short 17/11/16

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
keeping the charts simple and clean saw this trade with AUD/USD
Analysed from monthly down to weekly chart saw that the candle bounced from the weekly resitance line which previously was a support line and headed to the downside. after the trade broke through the daily bullish trendline I waited for the candle to break a recent support line confirmed with a Fibonacci retracement and entered the trade with a R:R of 1:2

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