AUDUSD: Sell Opportunity At Key Level

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