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TradingFace
Jan 2, 2020 3:25 PM

AUDUSD at resistance in channel! Short

Australian Dollar/U.S. DollarFXCM

Description

AU was rejected on the resistance trendline, and is showing some bearish strenght. Looking at a smaller TF I see that it's hitting support trendline and showing some strenght on this level. We may be inbound for a breakdown on the AU as it has way more room downwards. If it breaks the smaller TF support and bulls fail to bring it back after a fakeout, AU will crash hard.

Trade active

First TP 0.69300

Trade closed: target reached

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