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PavanKulkarni
Sep 26, 2017 3:53 PM

AUDUSD - Probable Short Short

Australian Dollar/U.S. DollarFXCM

Description

AB is a Range confirmed by CDEF.
'A' being the Support and 'B' being Resistance of the range. Swing initiated at 'H' has broken the support and given Acceptance below with candle 1 & 2.
Pullback to the level A will be probable short depending on the priceaction.

Target : First Target will come at 1:2 RR
Second Target can be trailed with respect to priceaction. Once the first target is attained stop loss can be moved to break even on the remaining position
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