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Zhi_Lun
Jun 8, 2019 9:40 AM

AUDUSD Short to 0.6935  Short

Australian Dollar/U.S. DollarFXCM

Description

Looking at an uptrend up to the resistance level of around 0.7, it is seen that the resistance level was tried with a shooting star candle but the level failed to break. Coupled with the fact that the volatility due to the nonfarm payrolls should have subsided, I am counting on a reversal back to the mean with the bollinger bands also. Hopefully the downtrend will continue until the support level of 0.6935 from which a long position may be adapted instead if support holds.
Comments
DACapitalTrading
strong trade!
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