I am shorting AUDUSD for the following reasons:
* It is simple price action.
If the candle were to go up pass the trend line it would invalidate my trade activating my Stop Loss and would wait for a retest to go long.
* It is simple price action.
If the candle were to go up pass the trend line it would invalidate my trade activating my Stop Loss and would wait for a retest to go long.
Note
I was waiting for a retest to go long but it went back short retested it twice so i see AUDUSD fallingDisclaimer
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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.