Price is approaching a sliing parallel ofthe downsloping median line where there is a high probability to see the end of the coorective structure. The safest way to short AUDUSD is to wait for a confirmation of the resistance and wait for the breakout below the correction.
Comment:
We never got the breakout, price broke above the sliding parallel so this idea is no more valid
Comment:
Price never broke below the median line, so we never got involved in a sell trade. Instead price rallied breaking above the upper parallel of the median line set. It's now developing a correction (bullish flag). Buying the breakout of the flag is a nice idea
