AUD/USD: Strong Resistance and Double Top At 0.713

Apr 5, 2019

on 4h TF, AUD/USD has found strong resistance several times in the past at 0.713

a 4h candle close below 0.713 offer SELL opportunity, target 1 at 0.706, target 2 at 0.70.

Apr 5, 2019

Note

I sell one at 0.71243, SL at 0.71350, just a little above 0.713

Apr 5, 2019

Note

5min chart has H&S pattern, a close below 0.712, add another lot, that would be fun.

Apr 5, 2019

Note

Another sell at 0.71195, Stop Loss if 5min candle close above 0.71214

Apr 5, 2019

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Now move the first sell to break even at 0.71243, sit down, and enjoy.

Apr 5, 2019

Note

The second sell close if 5min chart close above 0.712

Apr 5, 2019

Note

Close the second sell at 0.71192, because 5min chart has strong up.
now has 1 sell at 0.71243, wait for US new today and then decide later.

Apr 5, 2019

Note

Seems like if I didn't move ST to break even, keep ST at 0.7135, then it would survive ( because of news make a lot of volatility).

Now way down to 0.706. Lesson learned!