Saravan
Short

AUDUSD Price hit the top of the channel

FX:AUDUSD   Australian Dollar / U.S. Dollar
56 0 3
I was thinking about taking a short trade at 7780 level as I mentioned in my previous AUDUSD             short idea. The price hit the top of the channel. However, It formed a big daily bullish candle and there are no selling pressure. Even though the one hour chart formed a doji and pin bar , the volume did not justify anything. The price may retrace a little but will test the resistance again.

I will probably take this trade if this resistance level holds until European close tomorrow or tomorrow's daily or 4hour candle shows a reversal.

Good Luck!
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