david.cummins.581
Short

Clean break of support will result in a short position

FX:AUDUSD   Australian Dollar/U.S. Dollar
This pair has run into a resistance area however with the large bearish candles it doesn't look like slowing down any time soon. If we see a candle break below resistance and close i would see this as a good reason to take up a short position. I would like to see it close around the 0.77 area rather then just below as this will increase the probability of the trade. If the pair gets to the 0.768 levels i might look at taking some partial profits but my main price target is 0.753. This pair also looks bearish on the high time frames and we can also see on the daily that the moving averages have crossed over. But the main thing to remember here is we need that close below resistance.
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