DACapitalTrading

AUDUSD - SETUP - WEEKLY CONTINUATION - 8 MAY

Short
DACapitalTrading Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
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AUDUSD just started moving as expected, quick Timeframe breakdown for free and everybody.


4 HOUR
Last few H4 Candles formed very bearish price action breaking previous lows and forming new one

DAILY
Very bearish Daily Candle which closed below our previous lows expecting a further drop

WEEKLY
Weekly downtrend is stronger then king kong lets ride this one

LEVELS
Entry Short @ 0.74508
SL @ 0.75318 (80 Pips)
TP1 @ 0.73698 (RR 1 = 80 Pips)
TP2 @ 0.73303 (RR 1.5 =120 Pips)
TP3 @ 0.72888 (RR 2.0 = 160 Pips)
Weekly trend continuation, move SL to BE if TP1 hit and close partial Profits at every TP Level.!


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