Daniel.Dalo

AUDUSD - Corrective Structure in Play

Short
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
After a very impressive impulsive selling on this pair, price is now consolidating and approaching the top of the structure. My plan is to look for short opportunities in the resistance zone between 0.6798 - 0.6818. If price reaches this zone, I would get short and look for a profit taking level around 0.6690, maybe taking half profit and moving stops to break even at 0.6749, as there is a minor support level to watch for.
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