Marteyfx

AUDUSD Short Trade in down swing of long-term consolidation

Short
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD Short Trade in down swing of long-term consolidation
1. Price Rejected longterm resistance level multiple times
2. Nice bearish candles may continue in down swing
3. Broken bottom of double top on H4 timeframe
4. 2% Risk, 1:1 R:R
5. Target in Daily ATR
6. Target before strong support
7. Stop Loss above high of daily candle + Buffor
8. No important news tomorrow
9. Currency Strenght Meter confirmation
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.