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HayatoDragonFX

AUDUSD, 4hr tf, sell downward channel resistance retest

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Australiensisk dollar/USA-dollar (FX:AUDUSD)  
HayatoDragonFX  
FX:AUDUSD   Australiensisk dollar/USA-dollar
Chart Patterns Support and Resistance Trend Lines AUDUSD audusdshort audusdsetup audusdsell priceaction priceactiontrading Descending Channel
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chartpattern supportandresistance trendline audusd audusdshort audusdsetup audusdsell priceaction priceactiontrading descendingchannel
Hello my friends,

Our 3rd setup for next week is AUDUSD.

As you can see, price currently moving inside a downward channel and recently rejected on resistance.
We could see price rorate to the lower side for a retest on support at 0.7255

It offers a nice 3R setup so we will try selling this pairs.

Sell AUDUSD 0.7315
Stop loss 0.7335
Take profit 0.7255 (3R)

RR ratio 1 : 3
Use only 1-2% risk
Good luck

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