savvyacademy
Short

AUDUSD 4 Hourly Resistance - Short on Retracement

FX:AUDUSD   Australian Dollar/U.S. Dollar
41 0 1
11 months ago
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.
11 months ago
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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