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AUDUSD short trade
Economic calendar for tomorrow (Wed) has a number of events that can cause wild move in euro. I do not and can not speculate the outcome of these news events and wish to stay away and save my capital for another day. This is how I view and approach trading personally. Having said that I am adding a conditional entry to go short AUDUSD if price break below 0.70793 area.
AUDUSD: 4HR chart shows a nice trend line resistance for down trend. My stop loss is above the trend line and the entry will be just below the short term soft support level.
That is all for today.
Best Regards
KusumFx
Economic calendar for tomorrow (Wed) has a number of events that can cause wild move in euro. I do not and can not speculate the outcome of these news events and wish to stay away and save my capital for another day. This is how I view and approach trading personally. Having said that I am adding a conditional entry to go short AUDUSD if price break below 0.70793 area.
AUDUSD: 4HR chart shows a nice trend line resistance for down trend. My stop loss is above the trend line and the entry will be just below the short term soft support level.
That is all for today.
Best Regards
KusumFx
