FX:AUDUSD Australian Dollar/U.S. Dollar
We may have an short opportunity when price downside breaks 0.7138 level. However, traders enters short here have to take the risk that price may have consolidations at support around 0.7126. When price breaks 0.7126 it may not give us an appropriate chance to enter the short. Therefore, perhaps I will choose to enter short at around 0.7138 and protect my position when it reaches 0.7126, and see if I could be get luck to have price keep going down (maybe with strong non-farm payrolls).