AUDUSD: Sell breakout
The pair is in a down trend now and currently correcting up after last impulse down, it looks safe to assume that the down trend would continue with a break to the downside from the current corrective structure so a short opportunity exists here.
Note: While the assumption is we will go down sell only if it breaks the current correction to the downside, selling without a setup or a confirmation of a break would increase the risks of losing the trade, if it doesn't ignore and look for the next setup.
IMPORTANT: The setups posted here are not trade calls or signals and are intended for guidance purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy
Note: While the assumption is we will go down sell only if it breaks the current correction to the downside, selling without a setup or a confirmation of a break would increase the risks of losing the trade, if it doesn't ignore and look for the next setup.
IMPORTANT: The setups posted here are not trade calls or signals and are intended for guidance purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy
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