#AUDUSD: Will Resistance Hold! Sell limit in place.
Update: Trade is active
Update: First target achieved
Update: Full target achieved
Following on my previous analysis ( tradingview.com/v/IAT2MupT/ ) where i was looking for a trade either on a break above that key resistance at 0.7900 or on a confirmation of a bearish reversal.
I see a downside pullback coming and therefore looking to short a bit higher for a better risk-reward. I will be conservative on my first target(1.36 risk-reward) but will look for a more aggressive second target(3.18) for an average risk-reward of around 2.25.
Good luck, keep your stops tight..
Be one of the first members of my new trading portal, check my new website thefxchannel.com/ , vote and subscribe. Thank you
------------------------------------------------------------------------------------------------------------------------------------------------------------
twitter.com/thefxchannel
facebook.com/thefxchannel
plus.google.com/+Thefxchannel0
My best regards
Technician
Update: First target achieved
Update: Full target achieved
Following on my previous analysis ( tradingview.com/v/IAT2MupT/ ) where i was looking for a trade either on a break above that key resistance at 0.7900 or on a confirmation of a bearish reversal.
I see a downside pullback coming and therefore looking to short a bit higher for a better risk-reward. I will be conservative on my first target(1.36 risk-reward) but will look for a more aggressive second target(3.18) for an average risk-reward of around 2.25.
Good luck, keep your stops tight..
Be one of the first members of my new trading portal, check my new website thefxchannel.com/ , vote and subscribe. Thank you
------------------------------------------------------------------------------------------------------------------------------------------------------------
twitter.com/thefxchannel
facebook.com/thefxchannel
plus.google.com/+Thefxchannel0
My best regards
Technician
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.