AUDUSD: Channel Breakout Opens Doors for Shorts

Short

Australian Dollar / U.S. Dollar (FX:AUDUSD)

Updated

FX:AUDUSD Australian Dollar / U.S. Dollar

AUDUSD

audusd

Price broke below the rising channel it was moving in. Waiting for a sell setup completion is what I am planniing to do in in the upcoming week.

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Comment:

Altought my view is bearish as described in the post above, while price is correcting below the broken trendline, it formed a bullish flag which is a nice setup but a short one. For those who want to trade a small trade just wait for a breakout above the flag and buy the market aiming the broken trendline:

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