Have a look at the above link for the analysis behind this trade setup.
Entry level: at around 77.400 STOP LOSS: 80.300 TAKE PROFIT: 74.500 RR: 1:1
With Trump threatening fresh tariffs on Chinese goods imports, the aussie made a gap down there by breaking the trendline and looks to set to continue its downward channel move!
shall there be any updates, i will update them below as needed. cheers
Trade closed manually
CLOSE THIS TRADE. PRICE HAS BEEN DEEPLY OVERSOLD. OVER THE COMING DAYS WE WILL LIKELY SEE SOME CONSOLIDATION. IN THE FUTURE I WILL GO SHORT AGAIN ON THIS PAIR, ONCE THE CONSOLIDATION IS OVER. GOOD PROFITS
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