TradingView
MDSADI
Jun 17, 2020 5:16 PM

Anticipating reversal from this level Short

Australian Dollar/U.S. DollarFXCM

Description

Risk off sell anticipated on the coming days, US dollar is weak but AUD is vulnerable to any adverse news with CHINA. The price action showing .70xx level has been a psychological barrier, so keeping that as stop we can look for Drop near .68xxx. I would add to my sell once price breaks below cloud and retest , however if price breaks and close above the descending channel on 4 hr then short idea would be invalidated

Comment

In profit but not convinced by the pace of the drop, would move stop loss to secure profit , should it reverse
More