AUDUSD [1-3 days view]

Entry: 0.71465
SL: 0.7185
TP: 0.705

This trade was knocked in this wed (27th Feb 2019). The reasons why I went short is listed below:

• Whilst market reacted above the ascending trendine support (in red), it failed to surpass resistance at 0.72100
  
• Market then broke below ascending trendline support and also spiked below 55 period EMA
  
• At the same time, MACD showed a 'death cross' and also broke below '0' meaning it has entered bearish territory.
  

This week has not been an easy week! But still keeping my eyes peeled open for more opportunities!

Trade attivo:

Moved my trailing stop to 0.713 to protect profits... Locked in about 0.23%
Trade is now risk free!

Commento:

Trade is still going well despite the gap up this week. Price has pulled back and covered the gap.

Trade chiuso manualmente:

Target reached.
+96.5 pips (+1.35%)
Over a period of 1 week, 28 Feb to 6 Mar 2019