TheForexClubFX

AUD/USD - Short-Term-Trade - Conservative 4H Trendline Rejection

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
We had previously placed a -Aggressive- Entry for this pair. As stated previously we have waiting for the 4H candle to place our 2 active position for this trade. It is a little bit risky due to the fact of all the news we have upon us. But overall we are still predicting a down-side for this pair. As long as we don't see price closing -ABOVE- our trend-lines we should be fine following this current down-trend we are currently in.

As of right now we shouldn't be adding any more positions and letting these 2 active trades ride.

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.