pavel1503

Short AUDUSD 0.736 TP

Short
pavel1503 Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
4
US ISM better than expected push for a strong short xxUSD
AU difficulties in data + elections
AUDUSD usually collapses on crisis situations which we are on the brink of them (Risk Off)
Reversal candle formation has been confirmed several times (4H)
first TP 0.736
Looking for a deeper drop though and another reversal (1-2-3 formation)
Trade active:
Trade still going - AUDUSD showing a lot of strength and maybe the SL will be hit at the 0.7550 level.

On the daily, we are still looking at a possible down trend (formal highs have not been hit yet)
Trade active:
Indecision candle just above the resistance
Trade is still open with small pip income
First TP moved to 0.7440
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.