AUDUSD Pullback to structure. Short opportunity.
*Downtrend in bigger time frame
*Resistance still not broken, our bias still bearish
Sell now:
SL: 0.7100
TP: 0.7025
RR Ratio 5:1
Note: Never trade with the money you can't afford to lose)
Good luck.
Please like, comment, and follow to support the author if you find this analysis helpful.
Comment:
You always can take half or all your profit at 1:1 or 1:2. It's your call.
Comment:
Even better entry position now.
Comment:
SL Hit, it is my personal trade, i like my stop to be tight. But it is still a very good entry point right now. You can short now, SL 0.7110
Comment:
Trade closed: stop reached:
AUD got stronger.
Trade closed: target reached:
Commonwealth (Australia central bank) Forecast aussie will get stronger to 0.75 compare to us by this end of December 2018.