Louis0702

AUD/USD Short Trade Idea

Short
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Once price reaches the red line, expect price to start dropping. Likely due to the fact that it is collecting sell limits. If price reaches the green line, expect a slight pullback due to the fact that there is buy limits at that price level. Price will continue to be bearish though. Could reach 30 pips below the green line in the red box (liquidity pool).

Comments