Shorts only on AUD today

AUDUSD has made a strong move early today which is double it's average daily range.

This shows how the ADR can be used to exclude trade ideas, given the expected move has been well extended we wouldn't anticipate a great deal of further upside.

Trade closed: target reached:

As expected, limited upside after the strong move outside the ADR. Tool worked really well to give context to the price action.

Traders RuckSack ADR Tool available through our store, link in bio.