AUDUSD: Correction About to End

Oct 11, 2017Price is approaching a sliing parallel ofthe downsloping median line where there is a high probability to see the end of the coorective structure. The safest way to short AUDUSD is to wait for a confirmation of the resistance and wait for the breakout below the correction.

Oct 12, 2017

Comment

We never got the breakout, price broke above the sliding parallel so this idea is no more valid

Oct 16, 2017

Comment

Price never broke below the median line, so we never got involved in a sell trade. Instead price rallied breaking above the upper parallel of the median line set. It's now developing a correction (bullish flag). Buying the breakout of the flag is a nice idea