Reason behind this setup AUD/USD has been putting in lower lows and higher lows for a long time in a down trend as a traders we know the trend is your friend after the bounce of trend line with long pin bars and touch of old support now turned res and also if the daily candle closes as a bearish engulfing this would be a great short setup.
Also the close below recent consoladtion area qould be an ideal time to sell
ill be looking for a short trade as soon as the daily candle closes in a bearish engulfing
target being all the way down to
0.69000
Also the close below recent consoladtion area qould be an ideal time to sell
ill be looking for a short trade as soon as the daily candle closes in a bearish engulfing
target being all the way down to
0.69000