Another possible short trade - AUDUSD

FX:AUDUSD   Australian Dollar / U.S. Dollar
238 3
As with the other ideas I've posted today I'm looking for a short trade on AUDUSD . For the same reason as before - USD Strength
In this case we could get a continuation trade (see Left Chart)
IF: Break of current flag
THEN: Trade short
TARGET: Previous Low

NB This depends on the dollar continuing long. If the dollar goes short then forget about this trade for now.

I'll update this idea as it develops

This is not trading advice
Steve Nixon
Trainer & Mentor
Comment: As with the other charts I posted last night we are starting to see a flag develop.
Comment: Break out short as predicted
Comment: Target reached
where are u??
we miss u so much...
SteveNixon miloo.chiloo
@miloo.chiloo, I'm here every day lol I haven't been posting because I'm busy training my traders. I'll start posting again very soon. Thanks for asking :-)
I agree with your bearish view on AUDUSD. Our trading signal idea is also of the same bias. We have found roughly resistance level at 0.7215 which might be a breakout level.
Additionally, RSI is seeing bearish pressure which supports our bearish bias.

Glad to see that we have the same bias for AUDUSD

Comment removed.
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