EvanJones

Rejection of upper trendline

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
1
AUDUSD is set for a nice move downwards and given this weekly pivot hasn't been hit indicates that we should see price migrate towards this area before the week ends.

Stops placed above the trendline in case of a breakout. Profit taking around the 0.76 - 0.759 area.

For more information please follow me on here or on twitter (@evanthebanana) or at www.ejfxtrading.com

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.