ginfrix

AUDUSD Bound by downward channel

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD bound by a downward channel in the 4-Hour timeframe

Without much economic news affecting the pair.
We expect the movement will be greatly on the technical side.
As we see on the parallel channel the price hit its resistance and now starting to move downwards.

Our bias for this weeks moves is short.

Trade Idea
(SHORT)

Sell Entry : 0.77470
Stop Loss : 0.77650
Target Price: 0.7680
RRR : 3.66

If you like my idea, give it a thumbs up.
If you have other thoughts you can comment down.

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