NTrading
Short

Is AUDUSD going to break to the bottom?

FX:AUDUSD   Australian Dollar / U.S. Dollar
34 0 1
AUDUSD             reached the bottom trendline , it seems that when consolidation breaks it will sharply move down. It is very possible if we consider that during Asia Session we have Employment Change & Unemployment Rate news. If they are bad news it will do a sharply move down.
However keep it mind that it may have 1 more move up.

Be careful do not let your emotions force you to get in position early. Wait for break and then jump in.

I would like to have feedback so please comment below, i will be happy to read different opinions & ideas.

Thank you!
Comment: It seems to be a fake break. We need to wait for a valid 1h candle under the trend line
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