AUDUSD Short Analysis
Updated
USD strength expected to continue.
price recently broke daily support and re-confirmed this as resistance (orange line)
before moving lower.
Higher TF support break missed, so looking for short entries on hourly support/resistance levels.(green lines)
entered at 0.72400, suspect this to form resistance and TP at lower previous hourly support.
price recently broke daily support and re-confirmed this as resistance (orange line)
before moving lower.
Higher TF support break missed, so looking for short entries on hourly support/resistance levels.(green lines)
entered at 0.72400, suspect this to form resistance and TP at lower previous hourly support.
Note
Stopped out but nice to see the trade working out. better SL placement or entry to be reviewed
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