After last weeks successful short on AUDUSD from 0.71 down to Novembers low (blue dashed line) we sat out whilst it bounced back to 0.71 resistance level and looking to RELOAD our short here again.
The bounce has taken us to 60 area again on RSI- as per chart we have sold off at similar levels from here- looking for a retest of Nov low before seeing a break down to mid 0.69 (candle body of Jan lows)
Pair is still firmly in the long term descending trend line highlighted by the green and red lines.
The bounce has taken us to 60 area again on RSI- as per chart we have sold off at similar levels from here- looking for a retest of Nov low before seeing a break down to mid 0.69 (candle body of Jan lows)
Pair is still firmly in the long term descending trend line highlighted by the green and red lines.
Trade closed: target reached:
Trade closed at entry level after running down past take profit 1
