TradingView
AhmedMesbah
7 gen 2017 22:45

AUD/USD Short! Can this downtrend reach January 16 lows? Short

AUD/USDOANDA

Descrizione

A beautiful channel has been formed and the last bar closed below a very strong support. Lets see what happens with next Monday's candle. Trump incoming in January might have a very positive impact on the downtrend.

Commento

Keep in mind that profit can be taken in steps and the best setup would be placing 2 different orders:
*First order's profit can be taken a bit above the 1st support around 0.71700.
*I would let the 2nd order flows to the last target around 0.68300.
*Once the 1st support is broken a new order can be opened again.

GL and remember you can follow this idea on your complete own responsibility.
Commenti
jojofang0901
Hi nice beautiful setup, thank you for sharing your idea. I have similar view as well, but executing them on intraday chart. Cheers.
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