FXbrawler

AUDUSD shorting opportunity

Short
FXbrawler Updated   
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Going short the aussie as we break an important support as well as a trendline. Target is 3 for 1.
Comment:
Took a bit of profit off the table. Moved stop to entry point. Risk free trade from here on out.
Trade closed manually:
We seem to have reached support and prices don't go down in a straight line for very long. Cashing in my chips and will look for a short at higher prices to reach the target.
Trade closed manually:
Took some more off the table. Man what a great trade this turned out to be, dropped like a rock! I expect we will have some more shorting to do next week to the trendline in the following chart. We'll see but for now I am closing the shop for the weekend.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.