AUDUSD is in a strong bearish trend. After looking at the weekly and monthly charts we are only looking at selling
opportunities.
We have seen the following reasons for looking to sell:
1: Bearish flag breakout.
2: Trendline breakout.
We are looking to take an entry at the retest of the trendline.
opportunities.
We have seen the following reasons for looking to sell:
1: Bearish flag breakout.
2: Trendline breakout.
We are looking to take an entry at the retest of the trendline.
Trade active
Comment:
A lot of consolidation. We might end up close this trade as it seems both currencies are of similar strength at the moment which is causing this range.
Trade closed: target reached:
Price shot down several weeks later.