Hey traders, as stated earlier this week I've been looking for a short on this pair. Aussie has been weak across the board following the RBA announcement and technically speaking this pair has been responding well to channels. I like the bearish pitchfork here to sell against its resistance but only if the support line is broken. This trade aims to capitalize on a wave-((C)) of a potential zig-zag correction. Updates to come. Cheers
Trade active:
Beautiful.
Comment:
Comment:
SL Moved to B/E before bed. GN Everyone
Trendline is broken. Let's see if it holds and closes below. Should see some more downside in that case and a potential fill of our short.