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KingWenz84
Feb 10, 2021 11:26 AM

AUDUSD - Short Short

Australian Dollar/U.S. DollarFXCM

Description

My Idea for the AUDUSD short

The RSI shows the current price is high indicating a imminent sell off, and the MACD has shown a cross over. I think this will now move the lower side of this bearish channel.

MY Entry 0.7726400

SL: 0.77613
TP: 0.75306

Comment

The price has moved closer to the resistance, If a candle in the 1H closes above the resistance then I will SL. However the last 2 candles showed a good amount of rejection showing selling pressure coming in.
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