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FedericoSellitti
Sep 20, 2019 8:05 AM

AUDUSD resistance to hold? Short

AUD/USDOANDA

Description

AUDUSD just tested a resistance that is formed by the last important swing high. After testing that level, we had a bearish engulfing pattern, sign that sellers are attempting to push the price down.
Interesting battle between buyers, who seemed to be strong with the last up-movement, and sellers, who seem to find convenient the level 0.6808 to place their short positions.

Comment

So many weak candles with important lower shadows. Removed 1/10 of the position with a profit and moved the stop loss to the entry level.

Trade closed: target reached

Take profit reached! Nice way to close the trading week :)
Comments
chris_fx
a nice one !! congrats
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