Fxprotrader
Short

AUDUSD Watch For a Sell Setup at Slide Parallel

FX:AUDUSD   Australian Dollar / U.S. Dollar
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The slope of price in AUDUSD -0.55% is very active making the slide parallels of the median line key levels to watch for price action. Last time price reached a slide parallel, it reversed now heading to the down, We might have a retest of this resistance level , and in case we have it we should watch for a sell setup with a potential tp the next active level acting as support.
Nice analysis
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Nice trade setup, thank you for sharing your view on this pair. I have similar idea as well.
+1 Reply
Fxprotrader jojofang0901
@jojofang0901, Great chart.. Thanks for sharing..!
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jojofang0901 Fxprotrader
@Fxprotrader, No problem, keep up your good work!
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