Technician

Trade Idea: a quick trend following short trade

Short
FOREXCOM:AUDUSD   Australian Dollar / U.S. Dollar
Looking to short AUDUSD a bit higher next week. The price has shown rejection near main resistance area within the context of the overall down trend. Simple, but high probability trade in my view.

Best
Technician
Trade closed: stop reached
Comment: Profit(in pips)= -47
Comment: Return on capital = -2%.
Note: Risk per trade is 2%

For More on this idea and other ideas visit me @ https://theforexchannel.com
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.