#AUDUSD: Will Resistance Hold! Sell limit in place.

Update: Trade is active
Update: First target achieved
Update: Full target achieved


Following on my previous analysis ( tradingview.com/v/IAT2MupT/ ) where i was looking for a trade either on a break above that key resistance at 0.7900 or on a confirmation of a bearish reversal.


I see a downside pullback coming and therefore looking to short a bit higher for a better risk-reward. I will be conservative on my first target(1.36 risk-reward) but will look for a more aggressive second target(3.18) for an average risk-reward of around 2.25.

Good luck, keep your stops tight..
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Technician