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Cherry94
Jul 2, 2019 2:09 PM

Rebound Short

Australian Dollar/U.S. DollarFXCM

Description

1)The retest of the broken trendline, old resistance area.
2)Entering as the minor pullback on lower timeframes starts. Set one more small Sell limit higher to get better avg entry price. SL Is higher than the top of the trend as I don't exclude possible fake breakouts.
3)R/R 1:2.7

*Just for fun - fundamentals are not supporting AUD as recently there were not so happy fin.data from China.

Trade active

Covered 1/3 of the position as the market reached one of my SL when making the fake breakout.

Trade closed manually

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