AUDUSD seems ready to resume downtrend, at least to next around 0.738 .
Price holds below 0.75 and formed a retracement to 38.2 level from last drop.
I´m entering short at current levels with SL above 0.75 on a daily close
6 Trading Rules :
1. Never add to a losing position .
2. Don´t be the first to buy low and sell high ., and don´t be the last one to exit
3. Think like a fundamentalist, trade like a technician .
4. Keep your analysis simple
5. Start small and increase exposure when trend is confirming your analysis
6. The hard trade is the right trade
You can subscribe to my mailing list for FX Alerts : http://eepurl.com/bp_sgP
Webinars & One-to-One Training available, pay per minute