Description
⋅ AUDUSD is a sideway trend
There are two reasons that make me intent shorting AU
- First, in Daily timeframe, the Price touch a boundary of decreasing channel
- Second, in H4 timeframe, sellers are coming to break trendline with strong momentum after accumulating
Expectation:
- Short AU is in around 0.69 area
- Stop-loss and Take profit like in the image
Good luck & safe trade
(The idea is created to discuss, there are no recommendations for any buy/sell order. Feedback is welcome)