cktrades

AUDUSD Short Analysis

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
USD strength expected to continue.

price recently broke daily support and re-confirmed this as resistance (orange line)
before moving lower.

Higher TF support break missed, so looking for short entries on hourly support/resistance levels.(green lines)
entered at 0.72400, suspect this to form resistance and TP at lower previous hourly support.
Comment: Stopped out but nice to see the trade working out. better SL placement or entry to be reviewed