Sell posted to TAP at 10:15am ET sell AUDUSD at .9190. Retesting previous highs on the daily chart. Looking for potential double top reversal. Watch for smaller compression indicators of trend reversal to confirm double top. If this is a true reversal point look for new lows below .9100.
As typical for my intraday trading style, into 20-25 pips of profit will lock break even to protect margin.
2 CommentsTrade posted to TAP at 5:09pm ET sell AUDUSD at .9164. Looking at break of 4 hour trend line. Resistance at .9172 and .9190. Supports at .9140/30 then .9100. See chart image below.
2 CommentsTrade posted to TAP at 1:19PM ET sell at .8630. Trade taken at the test of the weekly support and the .786 fib level of the previous up trend. Since this trade is based on weekly confirmations it may require a larger stop. You should use your own risk guidelines when evaluating trade size and market exposure.
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