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FaradayCosmo
Mar 1, 2022 9:50 AM

Swing short of AU Short

Australian Dollar/U.S. DollarFXCM

Description

Last couple of weeks were extreme in the market, many times price action failed and technical analysis did not respond. With that, i will feel safer to swing daily candle this week on AU.
I see a strong resistance around 0.73 and also this institution channel will be retested. Also De40 and uk100 failed to fill the gap of yesterday. I will move my SL if price moves 50pips in my favour and I will go for 1:3 trade

Trade closed: stop reached

In a Risk off sentiment, AUD needs to go down however this currency gained momentum. Maybe it is too far from war zone i have no idea, I will not trade EURAUD and AUDUSD for a while, technicals are not working
Comments
JoeChampion
i see the same on my recent idea, waiting for 0.73 zone to take it with you!
good work mate!
FaradayCosmo
@JoeChampion, Thanks a lot mate, lets see how it will develop under crazy market conditions
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