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YourLazyTrader
Aug 19, 2020 12:17 PM

AUDUSD reaches the top of the price channel, time to drop? Short

Australian Dollar/U.S. DollarFXCM

Description

AUDUSD has reached the top of the ascending price channel. If we see some bearish price action at the top of the channel, it will be a good idea to start looking at some sell trades.

There is a chance that AUDUSD may drop back to the support level at 0.7150.

Traders can look at sell trades between 0.7263-0.7284 with SL above 0.73 and TP at 0.7150

Trade active

Sold at 0.7265.

Comment

70 pips profit
Comments
Shahzab962
Perfect Dear
YourLazyTrader
@Shahzab962, Thanks mate
Dave-FX-Hunter
Very good not it can go up
Moses16
wow
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