AU short idea at beginning of the week.

Short

Australian Dollar / U.S. Dollar (FX:AUDUSD)

Updated

FX:AUDUSD Australian Dollar / U.S. Dollar

Chart Patterns Trend Analysis Wave Analysis AUDUSD

chartpattern trendanalysis waveanalysis audusd

Now AU has shown a bearish signal as crossing the major resistance and the previous highest high, that may cause it drops below the small support, once it hit the support it may bounce back again or drop further, it also has a chance to build up ascending triangles and breaks the resistance.

Please leave the comment below.

Trade active

Comment:

Move your SL with profit :)

Comment:

Nearly in the first TP, we can close it or move the SL to let it swing. Enjoy.

Trade closed: target reached

Comment:

AU signal has shown, the small H&S made, time to get a buy.

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Ideas break out:
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