saywulahi1

SHORT SELL AUD/USD 1HR TIME FRAME

Short
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
AUD/USD has been ranging for some time now and has now reached back to a sell zone. the reason I am bearish on this currency pair is because this ranging structure is still relatively new and the longer something ranges the higher a chance it has of breaking out at a major level so we shouldn't have to worry about any breakouts occurring in the opposite direction if you look at my page you will notice that that a rising wedge pattern has formed on this pair which indicates bearish momentum that could occur soon. if you have any feedback/ constructive criticism please feel free to write what you have to say. good luck !