nakedchartist
Short

AUDUSD awaiting AUD news on tues n wed

FX:AUDUSD   Australian Dollar / U.S. Dollar
My bias is for short. There is a confluence of
- d1 line chart; day tf suggests a distribution pattern in place. ( red lines)
-d1 fib5
- h4 channel top
- h1 channel top with macd divergence

What I really wish to see is for price to be kept pushing higher till Tues             or Wed when price exhaustion can be suggested and short will be possible. Hence my plan is not to commit till the eleventh hour, and only act when fakeout is hinted and act upon it, likely just before news.

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