AUDUSD trending down in a channel..

FX:AUDUSD   澳幣 / 美元
75 2
Price could retrace back a little here, which could be an ideal place to short with lower risk.. however, also watch price action and enter only on confirmation by an impulse on downside as price reaches upper side of trendline ..

交易進行: Good time to enter - keep trend-line as SL & Target...

評論: Now that the pair has decided to test the world outside of it's recent zone.. it remains to be seen if it would want to wander back into it's zone, or would the upper side of the trend-line become it's resistance?

I would wait for it to come back inside the zone and then short it again...

手動結束交易: The pair decided to get out of the zone and test upper levels..
Top-notch trade setup. I have to confess that charting is a skill. Hope things transpire well. Continue your good work and thanks for sharing it.
+1 回覆
traderparag patterntrader
@patterntrader, Thanks for your kind words. You're doing a good job as well!

Good time to enter right now - at this retracement,. best of luck! :)
+1 回覆
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