Olu
Short

AudUsd: Looking Lower...

FX:AUDUSD   Australian Dollar / U.S. Dollar
86 1 9
Comments on the chart.
Bearish divergence
Trendline support breakdown
Stochastics turndown
Comment: Price has broken down below the trendline yes however we need to allow for the principle of 'break and retest' so stops cannot be moved yet
Comment: Triple top anyone?
Comment: Price recevered more than expected negating this idea. I will be posting another idea though with a view of the market doing a complex EW retracement move up i.e a WXY move up which should give way to an impulsive move down
Correct trade idea. Thumb up
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