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ccerezo11

ENDING DIAGONAL IN AUDUSD - 1H CHART

Short
Australian Dollar / U.S. Dollar (FX_IDC:AUDUSD)  
ccerezo11 Updated   
FX_IDC:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD audusdshort audusdidea audusdforecast palmtradersfx Wave Analysis Ending Diagonal shortsetup sellsetup
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audusd audusdshort audusdidea audusdforecast palmtradersfx waveanalysis endingdiagonal shortsetup sellsetup
Hey traders,

We have a nice ending diagonal which can turn into a great short position.

I think there's still a move up inside the structure however it could break soon.

No matter what it does, trade the breakout!

Carlos
Comment:
Looks like it's consolidating on the lower trendline of the structure. I've placed an order just in case a breakout happens but by now it can still do the up move to the upper line.
Comment:
Be ready for the breakout downtrend. There is still a chance to get a last move up but I think the market is going to break that last consolidation down.
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