AUDUSD Short Analysis
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.
Komentarz:
Stopped out but nice to see the trade working out. better SL placement or entry to be reviewed