Fxprotrader
Short

AUDUSD: Sell Opportunity At Key Level

FX:AUDUSD   Australian Dollar / U.S. Dollar
772 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 :-)
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Fxprotrader PRO catrionaforex
Thank you mate :)
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Looking great mate.
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Yes it's working good till now..!
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MFW_Lifestyle Fxprotrader
just a pullback in a bigger movement. I actually just sold more. Happy Trading
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I've just placed the same trade before seeing this post :p
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Fxprotrader PRO ZeziScalper
That's great :)
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