Audusd Analysis 04/01/19: Sell

I decide to sell audusd today because of few reasons:
- Trend line resistance.
- Descending triangle
- Rsi was over bought and down to 57

Apply the trade management to maximum profit and minimize loss.

First target is 0.7080. If the descending triangle breaks down, second target is 0.7000. A stop loss with 30 pips from entry price is good.

- Also be careful with RBA Interest Rate Decision, and Rate Statement to night.

- I may close it or move stop loss to break even before the events two hours.

Audusd Analysis

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