AUDUSD possible move to the downside

FX:AUDUSD   Australian Dollar / U.S. Dollar
142 2 6
This is my view of how to enter this trade for the downside that's more than likely to come soon.

Remember: you should not take this trade unless you have a well tested strategy for entering (with set SL) and managing it. Otherwise you will end up loosing money and blaming everybody but yourself of giving you a bad entry idea.
Comment: The only point I would take a calculated risk to take a counter-trend trade, if it is not going till there, the BO trade is the best alternative to enter
Trade active: By the pip, as forecasted
+1 Reply
Koryphaeen Niverto
Nice setup, if it fits your trading strategy and style! I like to wait for a correction though, to confirm the change in direction. I better loose those few tens of pips from the top down rather than picking a top. Particularly in this trade I was looking to sell it too, but when it would have touched the down trend line, it never did, until yet. Good luck!
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