AUDUSD: Sell Opportunity At Key Level

FX:AUDUSD   Australian Dollar / U.S. Dollar
773 7 37
Price is testing a slide parallel of a median line set which has acted both as support and resistance several times. It's now acting as resistance after a pullback of price. At the same level we have the upper parallel of a smaller downslope median line which hold twice rejecting price on its way up. From that level we may go short aiming the lower parallel of the upsloping set with sl above previous swing high.
Comment: We see that price is being rejected at the upper parallel. It's a nice idea moving our sl at breakeven and wait ti see if price starts a correction before move to the down once again. So from now on, we are in a risk free trade
Trade closed: target reached
Great trade. Well done :-)
Fxprotrader PRO catrionaforex
Thank you mate :)
Looking great mate.
Yes it's working good till now..!
MFW_Lifestyle Fxprotrader
just a pullback in a bigger movement. I actually just sold more. Happy Trading
I've just placed the same trade before seeing this post :p
Fxprotrader PRO ZeziScalper
That's great :)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out