SubTh3ory
Short

AUDUSD potential future trades

FX:AUDUSD   Australian Dollar / U.S. Dollar
The weekly channel that the AUDUSD             is in is still holding strong and may hold strong for weeks and months to come. AUDUSD             has been climbing upwards recently before ever breaking below or even touching the 0.6800 handle.
Because of this, I will be watching for two possible outcomes.

1.) Price reaches the upper edge of the channel and gives a SELL signal - I will take a sell trade at this point.
2.) Price comes back down and finally breaks the 0.6800 level and gives a SELL signal - I will also take a trade at this point.

Either way, I am on the sidelines for now, keeping my eyes on this.
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