GrowInvest

Getting ready to short again

Short
GrowInvest Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Getting ready to short again.

Consistent with long-term downtrend and possible FED rate hike (December 14).

TP: 0,7180
Trade active:
Comment:
+100 pips now
Comment:
+194 pips
Trade closed manually:
Trade closed. Profit taken. +270 pips
Comment:
Just sharing my charts, where the price currently is. On the monthly chart the price bounced from the strong support trend line and is now at the top of the resistance trend line. The 4H chart is showing an upward channel with resistance area. So where the price can go is unclear for now. The decission might come in next 1-2 weeks and it might have a fundamental reason (like FED Funds Rate statement or Trump policy). Take care.
Comment:
After one week still hard to play.
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.