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glennmercer

AUDUSD Short: Showing weakness, sell to shark completion

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
glennmercer Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD glennmercer gmercerfx Shark Bullish Shark Exponential Moving Average (EMA) Moving Averages pivot Trend Lines retest
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audusd glennmercer gmercerfx sharkpattern bullishshark ema movingaverage pivot trendline retest
AUDUSD has broken a long-term trend line on the 1H chart indicating short term weakness. 100 and 200 day EMA's are confluent with the completion of a bullish shark giving us a target on the short side. This trade takes advantage of the retest with SL above 50 day EMA and a R/R of 2.
Trade active
Trade closed: target reached:
+314p
Comment:
+31.4p*
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