AUDUSD Short Idea
H4 Support looks to hold strong and we will see a bullish reversal up (@0.77300-0.77700). If not we will see a rejection off of the bottom trend line on this bearish channel. The idea is that the pullback will not be strong enough to break the 0.78000. The short can reach a total of 400 pips (@0.73500). This is a bearish correction for the U.S Dollar that will strengthen all XXXUSD cross pairs...temporarily.
Please use this mark up for education/reference, always do your own due dilegence before entering the markets! Cheers to a great trading week my friends.
Please use this mark up for education/reference, always do your own due dilegence before entering the markets! Cheers to a great trading week my friends.
Note
300 pips of profit to date on this trade. Proof is in the pudding.
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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.
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.