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shanehudson
Apr 1, 2020 4:01 AM

AUDUSD Weekly Short Short

Australian Dollar/U.S. DollarFXCM

Description

Divergence on the 4HR on AUDUSD. We can look to short now with stops set at 0.6214 or wait for a break of 0.60715 to sell. Risk to reward ratio is good. DISCLAIMER: TRADING FOREX INVOLVES HIGH RISKS AND CAN CAUSE YOU A COMPLETE LOSS OF YOUR FUNDS! NEVER TRADE WHAT YOU CAN'T AFFORD TO LOSE!

Trade closed manually

TP for now. Will look to re-enter if we stay below support.

Order cancelled

AUDUSD didn't give us the strong push to the downside like we wanted. We TP earlier. Flat for now. I will post a new chart if I am looking to enter AUDUSD again.
Comments
bmjones77
when do we think the best time to take a short position?
shanehudson
@bmjones77, All depends on your risk tolerance appetite. You can short now or wait for a clear break of 0.6070 before selling.
bmjones77
@shreddedshane, okay thanks so much
shanehudson
@bmjones77, No problem!
transparent-fx
this is my directional view for audusd, we will see
shanehudson
@transparent-fx, Love it! That's what I'm looking for as well!
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