AUD/USD likely to fall!
Updated
Hey tradomaniacs,
after a fakeout above the range with seen huge momentum and all of a sudden distribution back into the range.
Now we`ve seen a breakout below confirming the recent fakeout aswell as a re-test which is happening now.
This is providing us a great chance to short with high risk-reward looking. At the same time we see SPX500 at a significant resistance aswell and so possible confluence in terms of risk-off-mood.
What do you think?
after a fakeout above the range with seen huge momentum and all of a sudden distribution back into the range.
Now we`ve seen a breakout below confirming the recent fakeout aswell as a re-test which is happening now.
This is providing us a great chance to short with high risk-reward looking. At the same time we see SPX500 at a significant resistance aswell and so possible confluence in terms of risk-off-mood.
What do you think?
Note
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