False Break Of Resistance | Price Action

Hello Price Action Traders.

Eur/Aud

The forex pair is gone, these days, to test the key resistance area at 1.4450-1.4500. In the daily trading session the market formed a clear bearish day which showed us the false break of the level. It is therefore a valid SHORT trading opportunity that could provide a good ratio between risk and reward. The primary supports we find are  at 1.4180 and 1.3860.

 

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