TradingView
DeGRAM
Nov 18, 2020 9:30 AM

AUDUSD open sell trade Short

Australian Dollar / U.S. DollarFOREX.com

Description

Most recently, the price broke through the resistance line, which is also the lower line of the upward channel.

This is a strong line that has been around since April 2020.

And now the price touches it again at the point 0.732, thereby leaving the channel.
The price behavior in recent days, as well as the fact that the line is one of the strongest on the chart, indicates that the price may fall.
As I did in October, for example.
And so I'm going to sell.
SL - set above the price around 0.748.
TP - looking for the support level - 0.713.

--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
Comments
Saeed966
thanks for sharing! this is what I see on AUDUSD:
DeGRAM
@Saeed966, Interesting job.

Welcome
anthonylwang82
Any update on this one ? Seems very stubborn
FXCM
thanks for sharing! this is my view on AUDUSD:
Solldy
Good thoughts!
DeGRAM
@Solldy,Thank you a lot
InkyGrip
Great techical set up 🦐👏🏻
DeGRAM
@plancton0618, Thanks
TradingAlchemist
sell with you
DeGRAM
More