tecnicoforex

#forex #audusd Short entry.

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
The long-term trend for the #audusd is on the downside. But this pair has been going through a correction for the last couple of days.
The downtrend should come back anytime soon and the signals are again showing that there is resistance @ 0.7290 and that there are lots of fundamentals indicating an Aussie fall.
So, we have, RSI signals showing it is time to sell, resistance @ 0.7290 and fundamentals. A good combination to a winning trade, this is what I'll do:
Go Short (open trade) at 0.7290
Stop loss at 0.7350
Take half profits at 0.7200
I'll do regular updates on this trade as it evolves.
Trade active: Not many bears in this pair. This trade opened automatically at 6:30am Eastern US time.
We are positive right now, about +10 pips, we might take half of the profits sooner than we were thinking.
Trade active: We are moving our Stop Loss to 0.7320 keep in mind that this trade could turn against us very quickly so thats why we are moving the stop loss in order to minimize the losses.
Also, we are gonna be taking some profits around 0.7255
Trade active: FED Rates unchanged in USA, so we keep the Stop Loss untouch.
We will take half of profits at 0.7220

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