AUDUSD resistance to hold?
AUDUSD just tested a resistance that is formed by the last important swing high. After testing that level, we had a bearish engulfing pattern, sign that sellers are attempting to push the price down.
Interesting battle between buyers, who seemed to be strong with the last up-movement, and sellers, who seem to find convenient the level 0.6808 to place their short positions.
Interesting battle between buyers, who seemed to be strong with the last up-movement, and sellers, who seem to find convenient the level 0.6808 to place their short positions.
Commentaire:
So many weak candles with important lower shadows. Removed 1/10 of the position with a profit and moved the stop loss to the entry level.
Trade fermée: cible de profit atteinte:
Take profit reached! Nice way to close the trading week :)
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