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Kabigjack
Sep 26, 2018 7:46 AM

AUDUSD will test 0.724 area Short

Australian Dollar/U.S. DollarFXCM

Description

With the big picture simply shows a down trend on Daily, we find execution on H4.
The first testing short position goes in when the price get out of the horizon walk of 0.726, looking for adding position when it does break down the 0.724 area.

Trade closed: stop reached

The climb with the interest rate news break the two tops pattern, close the position to limit the loss within 1R, as soon as AUDUSD doesn't go down.

Comment

AUDUSD does break down 0.724 area, will find way to short if there is any bounce.
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