maccabean
Short

Double top opens up short trade opportunity

FX:AUDUSD   Australian Dollar/U.S. Dollar
With the employment data out tonight, entering a sell trade with the stop above 0.81 - 0.82, is a good risk/reward opportunity. The fundamental reality is that the US economy is growing leading to higher rates, while the Australian economy is slowing with the RBA trying to lower the exchange rate.

On the technical side we have a MACD crossover and a bounce off the top of the upper bollinger band
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out