I expect that when we open on Sunday, the AUDUSD will consolidate as some will want to push it up to the downward trendline; if there is confirmation that it will continue lower, I will open a short position around 0.71100 and catch some of the downward movement. My inclination is bearish, however if it goes up and breaks the 0.71500 downward trendline, I will open a long position and catch some of the movement toward 0.7200 resistance.
Open at 0.71080
S/L: 0.71329
TP: 0.70711
R:R 2.57:1
Open at 0.71080
S/L: 0.71329
TP: 0.70711
R:R 2.57:1
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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.