AUDUSD On Downwards Trend To Key Support Level

Short

Australian Dollar / U.S. Dollar (FX:AUDUSD)

Updated

FX:AUDUSD Australian Dollar / U.S. Dollar

Trend Analysis Chart Patterns

trendanalysis chartpattern

Look for the break of the 382 fib to continue the bearish trend. Take profit at the key resistance level of 0.77500

Comment:

I got impatient and entered early, instead of waiting for the break of a significant level got so confident that I entered in early. Make sure that you are patient and wait for the setup to fully go through before entering a trade.

Comment:

Closed position because seems like the trendline is being respected.

Trade closed manually

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