Price broke through support level. Stopped out.
A nice rejection of above resistance (in a downtrend) has created an opportunity for retracement entry on AUDUSD. The subsequent candles showed good downward pressure. I have entered a sell limit slighlty above current price with a stop above recent high. This is a signal on 8 hour chart.
The pair has printed a nice pin bar on resistance at 0.7382, with a nice bearish candle behind it. I’m putting a retracement sell limit on AUDUSD with a stop above previous high. Take profit at 0.7240 giving us a R:R above 2. The analysis and entry are made on the 4H chart.
Took a quick 5M scalp on AUDUSD. Pair is on a downtrend, we hit resistance with downward pressure. Stop above previous high, T/P before next resistance.
The pair is close to support with bullish market condition and upwards pressure. Go long with stop below recent low and T/P at opposite side of the range. Quick scalp on AUDUSD.
Here is an idea on AUDUSD
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