traderparag

AUDUSD - Watch-out for another break-out of trend-line

Short
traderparag Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD presents a good shorting opportunity, however, look for weakness when it approaches the trend-line from top - with US interest rate decision looming, this could go either way, however, good possibility of breaking the trend-line support...
Order cancelled:
Trade didn't provide with anticipated entry on this occassion.

Good example of why sitting on the sidelines sometimes is a good idea - specially around important events...

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