A possible short selling trade on AUD/USD

FX:AUDUSD   Australian Dollar / U.S. Dollar
85 3
After soaring higher this week, an exhausted shooting star was formed on 120 m TF, the rejection was confirmed by the second bar, I prefer to sell short on the selling zone between 0.7800-0.7810, SL immediately above shooting star candle, the first take profit target will be 0.7735, second 0.7675, and the third 0.7610, the Risk to reward ratios: 1:1.625, 1:3.125, and 1:4.75 respectively.
Good Luck
First Target hit smoothly, now I will move SL to break even.
Good luck
I'm selling based upon the shooting star as well on the daily. Good resistance to short again. Nice planning.
SmartBonanza TheBulltrader
Thanks Spencer, it seems good and the odds to work nicely are high, let watch next week to see
good luck
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