skai
Short

Use aussie's weakness

FX:AUDUSD   Australian Dollar/U.S. Dollar
113 3 1
Trend is you friend, ain't it? Daily chart is brutaly bearish and aussie makes more than 100pips up today. Guess I'll be using this rise to open a short with a 2:1 risk ratio.
On this hourly chart aussie looks like reacting on pitchfork's median line , plus macd bearish divergence.
My caveats turned out to be wrong or too cautious. Your idea was 100% right. Congratulations!
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skai ForceFollower
thank you forcefollower ;)
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I agree, except for the fact that I think the correction will go up as high as 0.929 or 0.930. Also: a good point about the use of an opposite median line as an entry point as well as the idea of going short itself.
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