Short

AUD/USD: Strong Resistance and Double Top At 0.713

Updated

on 4h TF, AUD/USD has found strong resistance several times in the past at 0.713

a 4h candle close below 0.713 offer SELL opportunity, target 1 at 0.706, target 2 at 0.70.

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I sell one at 0.71243, SL at 0.71350, just a little above 0.713

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5min chart has H&S pattern, a close below 0.712, add another lot, that would be fun.

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Another sell at 0.71195, Stop Loss if 5min candle close above 0.71214

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Now move the first sell to break even at 0.71243, sit down, and enjoy.

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The second sell close if 5min chart close above 0.712

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Close the second sell at 0.71192, because 5min chart has strong up.
now has 1 sell at 0.71243, wait for US new today and then decide later.

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Seems like if I didn't move ST to break even, keep ST at 0.7135, then it would survive ( because of news make a lot of volatility).

Now way down to 0.706. Lesson learned!

NeeN-fini

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