hamzah_mahmud

AUDUSD Short Idea

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hamzah_mahmud 已更新   
OANDA:AUDUSD   澳元/美元
After being in a bearish trend range, we can safley see rejection of higher prices.

Anticipating a test of last weeks highs before furhter bearish price action which could see further weakness with the bears being in control of the market in the begining of October.

I have gone for a retracement entry technique and a positive move could see a nice 1:4 risk to reward on this if we see bearish pressure to pass support.

Best of luck on the charts.
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Well this was a missed train. It looks like there was no retest of last weeks higher prices and now the bears are fully in control of taking the market lower.

I would only look at this pair now if it were to break the recent bearish trend channel.
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