AUDUSD - Good Short Opportunity - Trend Direction
Hi Traders!
We here have a market which is in a downtrend.
While the market was moving in a parallel channel, the market broke out the support
at 0.68100.
Then it retests the resistance with two trendlines.
If the market fails to break this resistance, we will go short until the next support
at 0.67150.
We recommend to sell the market with a risk-to-reward ratio of 1 to 2.
Thanks and good luck!
We here have a market which is in a downtrend.
While the market was moving in a parallel channel, the market broke out the support
at 0.68100.
Then it retests the resistance with two trendlines.
If the market fails to break this resistance, we will go short until the next support
at 0.67150.
We recommend to sell the market with a risk-to-reward ratio of 1 to 2.
Thanks and good luck!