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AUDUSD 4h Short off Resistance Retest
Australian Dollar / U.S. Dollar
Short
AUDUSD 4h Short off Resistance Retest
By MtxTrader
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Updated
Mar 7, 2017
4
Cheer
Cheer
Mar 6, 2017
I sold this at the close of the strong bearish candle after the doji/hanging man candle.
Price retested the resistance zone at .7607 - which is an area of previous support and resistance.
Price got rejected from the resistance zone, so I am selling AUDUSD down to the next significant support level, which is 0.7515.
My stop is above the most recent high.
Mar 7, 2017
Comment
stop hit
4h
AUDUSD
Bearish Patterns
nikita
priceaction
rejection
short
Support and Resistance
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