jamison_fx

AUDUSD NEEDS A BREATHER MOVING SIDEWAYS

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
I posted last week that I wanted to see a pull back short from the highlighted level. We have now got that showing that its running out of steam. Price has been moving sideways slowly making its way up, overall I want to see a weaker AUD to also back my other trades. Ill be looking at entries around the highlighted area with stops quickly moved to break even, after a very bullish move we often see a final push before the reversal to try catch out any early short sellers. Trade what you see as things can change very fast!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.