tntsunrise
Short

AUDUSD DOUBLE TOP AND RANGE ROTATION

FX:AUDUSD   Australian Dollar/U.S. Dollar
1788 8 33
AUDUSD             RANGE ROTATION
BUYER TRIED TWICE BUT CAN'T BREAK 0.7320
Enter A Short Position
Target : 0.7170
We can also see there is a doulbe top formed
and breaked the neck line.
so now it is a good time to short because it is
a pull back
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Hi Jack, short now? what will be the SL?
+1 Reply
kevinxin kevinxin
Sorry, i didn't notice the entry price, stop loss and take profit are all inside the chart
Reply
I think it will be triple top
Reply
what a pity! price touched your SL then come down
Reply
Would this trade still be valid?
Reply
kevinxin Pennington1
Compare to GBPUSD and EURUSD, AUDUSD does not move up much. So once GBPUSD or EURUSD starts to move down, i think AUDUSD will drop even faster
Reply
Pennington1 kevinxin
Thanks for the reply! Very new to forex markets here
Reply
any update on this pair?
Reply
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