Follow_The_Spiral
Short

AUD/USD Long-Term Setup (Short)

FX:AUDUSD   Australian Dollar/U.S. Dollar
Even though the US has put off rates for the month of Sept, I still think speculation around a Dec             hike will gain strength. That, coupled with the fact that Australia has had bad data come out from its economy leads me to believe this pair will eventually hit .69

Technically speaking I see a nice H&S pattern in its early stages on the right shoulder. I could be wrong, but this pair has always done well for me with a short position. Also correlation plays well for my euraud             long.

Entry: .76474

TP: .70, revised from .72

SL: .79
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