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R2000trading
Jul 13, 2020 4:59 PM

Short idea AU Short

Australian Dollar/U.S. DollarFXCM

Description

Last weeks we had kind of a ranging market. The market makes two rising wedges wich can indicate a reversal. I'm only looking for a short after the break of this 4hr range within the red boxes. I'm not looking for long trades because there are large wicks wich can contain a lot of sell orders. so if we break to the upside it would probably only ne tp grab some liquidity. after that we will head to the down side. TP is at the green line, because of the large buys order that came in at that level. let me know what you think.
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