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The808Trader
Oct 22, 2017 8:36 PM

AUD/USD Short Trade Idea Short

Australian Dollar/U.S. DollarFXCM

Description

We saw an attempt by the aussie to break higher up , but was rejected pretty firmly. We ended last week being within the cloud, showing that price is ranging. USD has been showing some strength again and I am waiting for a drop below the kumo for a possible short entry. I am looking for a break of resitance (shown by the blue horizontal line I drew) so I can enter. I'll look for a TP at the bottom of the last bearish run. I will need to see a kumo twist complete to bearish, and the break of the horizontal line to confirm when to enter.
Comments
The808Trader
trade in nice profit, stop loss adjusted to slight profit
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