AUDUSD: How to Trade at Resistance
The price reached a resistance zone. It is the right time to search for possible selling opportunities using the daily and hourly charts.
RSI confirms the price reversal in the overbought zone. MACD supports the reversal as well and a further downside movement.
You can use reversal and breakouts signals in different timeframes. Stop orders must be placed above the local swing high and the resistance.
The main profit target should be at 0.66700 support. Risk per trade must be no more than 1-2% from the capital.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
RSI confirms the price reversal in the overbought zone. MACD supports the reversal as well and a further downside movement.
You can use reversal and breakouts signals in different timeframes. Stop orders must be placed above the local swing high and the resistance.
The main profit target should be at 0.66700 support. Risk per trade must be no more than 1-2% from the capital.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Penafian
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