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Munky83
May 9, 2023 7:24 AM

AUD/USD Short Short

Australian Dollar/U.S. DollarFXCM

Description

Price has been ranging since around March this year and is testing the horizontal resistance again. On the 4HR it has formed a double top and broken the neckline, I will now wait for the candle close below and sell on the retrace.

My Break Even will be around 0.67452, should the price hit my BE before retracing I will consider this trade invalid.

This is not a signal and I am still learning, any feedback would be greatly appreciated.

Thanks
Comments
vgreubs
The aussie budget comes out tonight and its expected to be in a surplus. Be careful
Munky83
@vgreubs, Thank you, I will definitely take that into account before opening.
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