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TheDailyTrader1988
Dec 11, 2020 5:34 PM

AUDUSD Short Short

Australian Dollar/U.S. DollarFXCM

Description

Short off the High Monthly Resistance.


Reasons For Shorting:

1. Based on Special EMA Indicator.

2. Bearish Engulfing Pattern + Doji on the 4H Chart.

3. Market tested resistance and breaking support.



Going for 1 position at 50 pips profit.
2nd position to run till 0.74500.
Comments
UnknownUnicorn493766
A good set up that just didn't work out. On to the next trade. Good work.
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