AUDUSD UPDATE - Short position possibility at 0.6910 Resistance
Mis à jour
Price is retracing as expected towards the 0.6910 level. Given a good Pin Bar or Bearish Engulfing on the 4 hour or even the Daily, this would be a great level to go SHORT.
The Risk/Reward seems fitting enough to pull the trigger on this trade, granting it materializes the necessary parameters.
The Risk/Reward seems fitting enough to pull the trigger on this trade, granting it materializes the necessary parameters.
Note
UPDATE: This trade setup went nicely. It almost reached the Stop Loss but ended up turning around and barely touching the Take Profit.
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