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
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As with the other charts I posted last night we are starting to see a flag develop.
@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 :-)
FXCM
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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.
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