PriceActionTracker

AUDUSD Bearish Price Action not worth taking. Little R/R ratio

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
As mentioned last week, we were looking for a Bearish evidence to enter a short trade. We did get an engulfing reversal, however the risk ratio was only 1.7:1 so not worth taking.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.