AUDUSD Quick sell

29 במרץ 2022

Here we have a beautiful bearish setup on the H1 TF. AUDUSD has been bullish for quite some time but has now reached a monthly area of Resistance. On this H1 TF you can see a bullish trend line and channel was broken, indicating that the sellers are starting to take control. price cleanly retested the trend line and was rejected (double top pattern formed). at that point I took my first entry for a sell @ 0.74973 and looking to hold until it reaches 0.74200, where price previously broke out from turning that resistance now to a support level