savvyacademy
Short

AUDUSD 4 Hourly Resistance - Short on Retracement

FX:AUDUSD   Australian Dollar / U.S. Dollar
41 0 1
With 3 rising Tops and with a recent bullish rally that is so steep, it is anticipated that a consolidation is in the making.
Should Price hold out recent top as resistance, it is likely to fall and gain support at the 1st Support as marked.
Trade closed: stop reached: Stopped out.
The better bet is still to follow the bullish pressure as seen on the chart
More and bigger bullish bars than bearish ones.
Trend following wins!
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