AndreVanBui

AUDUSD PATIENCE IS KEY, Short on breakout

Short
AndreVanBui Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
4
Hello fellas. This pair is currently on its way out of the five month long consolidation period. Long term bias is bearish. The only thing I will wait for now is a break and close below the support line, followed by a pullback in case its a fake breakout. If it still holds i will short this pair.

I'm expecting a big drop if it breaks, lets start the waiting game!

- Long term bearish bias
- Below 200 SMA on higher time frames
- Breakout from consolidation often gives a massive drop.

Cheers!
Comment:
Shorts gets added tonight
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