Aud-usd-short
AUD/USD Swing Trade Idea - Possible Retest on 0.70250AUD/USD Swing Trade Idea
Looking to retest 0.70250 and bounce down to 0.61250.
Good luck! And remember, this is just an idea.
AUDUSD Short / Sell - Ranging Pair & Strong ReisistanceReasons I will look to take this trade
- Pair is ranging between shown price points with no clear bullish/bearish direction as of yet.
- Price has reacted violently to these price areas in the past, quickly reversing.
- Pair is overbought on 30 min / 1 hour / 4 hour timeframes.
- Tight stop loss / Good R:R (Risk:Reward Ratio) (1:3)
Entry : 0.69900
Stop Loss: 0.70070
TP: 0.69242
Please check against your own analysis BEFORE taking this trade and make sure you are happy to enter.
Open to any critique or advice :)