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Fxprotrader Fxprotrader AUDUSD, 15, Short ,
AUDUSD: AUDUSD: Sell Opportunity at Upper Parallel of Median Line
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AUDUSD, 15 Short
AUDUSD: Sell Opportunity at Upper Parallel of Median Line

Clearly in a downtrend price is moving into a valid slope which is represented by the downsloping modified schiff. A rejection at the upper paralell signals that price finds good resistance and most likey is going to continue dropping. In case it retests the upper parallel i am going short with sl and tp as shown at the chart.

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