nxtleveltrader
Short

AUDUSD Downtrend continuation-possibly much more?

FX:AUDUSD   Australian Dollar/U.S. Dollar
71 2 9
Im currently short on this pair i was from just abouve 0.77000.
Looking for the continuation downwards in this 4 hour pattern, to the bottom of the higher timeframe consolidation just abouve 0.75000.
Then well see. If it breaks there could be much more downside.
Any comments or advice from more experienced wave pattern traders?
yes, from higher time frame in weekly chart stochastic is at the top 80 area dropping down is matter of time plus US has a balance of better data, australia weaker on bank rates.
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Sounds encouraging for more downside then, thanks YeoKhoon.
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