AUDUSD Short : Down Trend Continuation

Prior highs need to break for trend reversals to occur. Price is moving towards Near Resistance and is retracing towards a fibonacci level. If these areas hold, short trades may be placed towards the target area.

הערה:

AUD is moving strong towards resistance high. Fall back area is the next high 0.7570 as an area to short when momentum fades.

הערה:

Mid week has AUD between the prior weeks H/L 7590/7440 - H/L 7556/7470. For down trend continuation, we need to see last weeks Low break and with a weekly close below prior week's closes.

הערה:

Near support broken and would clear prior weeks low if it closes below on Friday. Take off some profits.

עסקה סגורה: היעד הושג:

Take profits and enjoy the weekend.