AUDUSD Short Idea

After being in a bearish trend range, we can safley see rejection of higher prices.

Anticipating a test of last weeks highs before furhter bearish price action which could see further weakness with the bears being in control of the market in the begining of October.

I have gone for a retracement entry technique and a positive move could see a nice 1:4 risk to reward on this if we see bearish pressure to pass support.

Best of luck on the charts.

Anulowano zlecenie:

Well this was a missed train. It looks like there was no retest of last weeks higher prices and now the bears are fully in control of taking the market lower.

I would only look at this pair now if it were to break the recent bearish trend channel.