TradingView
Fxprotrader
Oct 26, 2016 9:53 AM

AUDUSD: Sell Opportunity At Key Level Short

Australian Dollar/U.S. DollarFXCM

Description

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

Comments
catrionaforex
Great trade. Well done :-)
Fxprotrader
Thank you mate :)
peterfx
Looking great mate.
Fxprotrader
Yes it's working good till now..!
BradenH
just a pullback in a bigger movement. I actually just sold more. Happy Trading
JibasJr
I've just placed the same trade before seeing this post :p
Fxprotrader
That's great :)
More