ClearEdgeFX

AUDUSD - 15M - SHORT TERM TRIANGLE BREAKOUT COMING

FX:AUDUSD   Australian Dollar/U.S. Dollar
Another good short-term intraday opportunity on AUDUSD             . A break of either trendline should be good for around 30-40 pips with a stop loss placed on the opposite side of the triangle.
Its moving, however, I am afraid there will be a fake break because its in Asian session now. What do you think?
Reply
ClearEdgeFX whtangsam
15M triangles can be risky, particularly before any news as was the case last night. Ironically there's a new one developing outside the one that's on the chart that'll have more potential. The one last night was just a tad too narrow with trendlines that were a little bit on the steep side for our liking.
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