Quick thoughts on AUDUSD

FX:AUDUSD   Australian Dollar/U.S. Dollar
It's a pretty risk trade, and I'm only taking it because I made a mistake opening a position short on this pair friday. If it breaks upside, it'll simply continue the trend, drop the position and take the loses.
Otherwise, if it breaks below because of a gap or something, accept profit and get out too, because it could be a bounce confirmation.

Anyway, good luck all.
Short on Friday ? WHY would you do that, it was a LONG all the way, now its heading down, to eventually head back up. MACD + divergence clearly seen on H1.

Limit order at 79% 8070 ish for a Long again, still a while for that, for now, its shorting as clearly seen on D and H4, not to mention US Index having reached support level, ready to rally!

Best of luck :)
+1 Reply
Ice_ r0hand
I shorted when I saw the pattern, I know it was a mistake. Lucky me I used tight stop loses, so it won't be a problem if it goes uptrend.

And thanks!
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