SmartBonanza
Short

A possible short selling trade on AUD/USD

FX:AUDUSD   Australian Dollar/U.S. Dollar
84 3 1
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
TheBulltrader
2 years ago
I'm selling based upon the shooting star as well on the daily. Good resistance to short again. Nice planning.
Reply
SmartBonanza TheBulltrader
2 years ago
Thanks Spencer, it seems good and the odds to work nicely are high, let watch next week to see
good luck
Reply
SmartBonanza
2 years ago
First Target hit smoothly, now I will move SL to break even.
Good luck
Reply
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