FX-TradingLions

AUDUSD | LOOKS LIKE A GOOD SELL TRADE AT THE MOMENT

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
Hello traders,

#AUDUSD looks pretty good with most timeframes trending towards the downside and a recent bearish engulfing candle does suggest further bearish pressure and momentum.

The trade could also pullback to the moving averages so if you do find a better entry, or a candlestick bounce off the 25-50 moving averages that would be a good entry point.

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