forexopl
Short

AUDUSD Price Action Short

FX:AUDUSD   Australian Dollar / U.S. Dollar
156 1 0
Major confluences in both exit and entry. Current price is in fib zone, top of channel, brushing up against previous broken trendline , at resistance, bear flag and forming a wedge .

Exit at .8410 - .8400, which is the extension of the flag pole, 1.27 fib extension of prior swing, and round number.

High probability play, which will take probably can take anywhere from 1 to 4 weeks to complete - will require patience. Next week major AUD news, so very well can start the sell off next week.
Also, a possible double top. :)
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