AUDUSD - Range-based shorting opportunity
Updated
Price has risen to test a very strong area of resistance.
On the Daily chart a breakout looks imminent, but I favour a move to the short-side
There is great RR, esp if price tags the 0.77406 highs
I will wait for a bearish daily close at these prices before looking to short
There is not much indicator-based support to this idea, hence my cautious approach.
On the Daily chart a breakout looks imminent, but I favour a move to the short-side
There is great RR, esp if price tags the 0.77406 highs
I will wait for a bearish daily close at these prices before looking to short
There is not much indicator-based support to this idea, hence my cautious approach.
Trade active
Trade closed manually
stopped out be. New limit order set at highs.
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