Fxprotrader

AUDUSD: Let's Try Make It Three Winners In a Row

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
After two back to back winners in AUDUSD (links on the chart), with price bouncing between parallels of a valid median line, we have another opportunity in AUDUSD, as sell this time. I have now added a downsloping median line set into my analysis, only because the slope is pretty active and i have a better path to watch price moving in. We now see that price is being rejected at the upper parallel of the downsloping purple pitchfork at a level where it meets the lower parallelof the larger upsloping set. If price tests once more the current level i am goinh short with sl and tp as shown at the chart.
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