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AhmedMesbah

AUD/USD Short! Can this downtrend reach January 16 lows?

Short
Australian Dollar / U.S. Dollar (OANDA:AUDUSD)  
AhmedMesbah Updated   
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD audusdshort short aud USD
6
1
audusd audusdshort short aud usd
A beautiful channel has been formed and the last bar closed below a very strong support. Lets see what happens with next Monday's candle. Trump incoming in January might have a very positive impact on the downtrend.
Comment:
Keep in mind that profit can be taken in steps and the best setup would be placing 2 different orders:
*First order's profit can be taken a bit above the 1st support around 0.71700.
*I would let the 2nd order flows to the last target around 0.68300.
*Once the 1st support is broken a new order can be opened again.

GL and remember you can follow this idea on your complete own responsibility.
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