FX:AUDUSD   Australian Dollar / U.S. Dollar
**( AUD/USD )**
Since we already have a signal trading AUD/xxx, I don't want to over expose y'all to the Aussie, however, I will be taking the risk for this trade as of now.

Taking a look at the bigger picture, we can see a clear bearish trend from AU , with a continuation of the Aussie Dollar ( AXY ) from Jan 18'. **What I want you to note when doing your top-down analysis, is the price 0.715.** This is an institutional level. What happens around these prices can be either of 3 things, consolidation, manipulation, or a hard rejection. Today I'm taking the bet (by looking at the two 4-hr candles that pierced and failed to hold above 0.715) that AU is looking to turn to the downside.

Risk-reward for this trade is not on par for our normal setups/signals at 1:1.07 to our daily target of 0.708

**Please take this trade at your own will; there is no entry being provided but price at the time of writing this is 0.7133

TP1: 0.708 (+53 pips)
TP2: 0.7 (+132 pips)
SL: Above 0.71734 (-40 pips)**


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out