AndreVanBui
Short

AUDUSD PATIENCE IS KEY, Short on breakout

FX:AUDUSD   Australian Dollar/U.S. Dollar
133 7 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
Nice view, I agree :)

AUDUSD Analysis
Reply
AndreVanBui Piet.Hein
Nice :D
Reply
piptamil Piet.Hein
Great...
Reply
breakout happening! ;) Are you already on the trade or will wait for a pullback?
Reply
AndreVanBui Piet.Hein
Got in today at test of new resistance. :)
Reply
Piet.Hein AndreVanBui
congrats, today is forming a nice pin bar on daily charts, maybe I enter the trade too, good luck :)
Reply
AndreVanBui Piet.Hein
Good luck chap :)
Reply
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