AUDUSD Possible down movement

FX:AUDUSD   Australian Dollar / U.S. Dollar
83 2
AUDUSD can move to both directions. However i forecast one more down movement for multiple reasons:

1) Strength of both currencies ( i have my own way to measure strength for each currency), AUD is overbought and USD is oversold
2) Hidden Divergence points out a trend continuation.

However as always i have (and every trader should have) a level that invalidate the trade. If it breaks to the top i am not interested before i see a correction.

Thank you for your support
Thank you for your ideas at this week, i already made 13% profit, w 1,5% risk. ANd thanx for your JPY alert in private chat, you saved my 1,5%.
I hope you also make a good money. Great JOB!
+1 Reply
NTrading sainthun
No problem, i will be happy to help you again in the future my friend. Thank you for your nice words.
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