SHORT AUD/USD on Double Top and Price Rejections

31 בינו׳ 2017

There are numerous indications that the AUDUSD will drop from here. Divergence, rejections, Pin bars, Lack of bullish conviction. I've been holding a short for a week unfortunately, but I feel that today's price action is the beginning of a downtrend from here. It would be nice to see a retracement of the entire previous bull swing, but even getting down to 7350 would be a delight. Happy Trading!