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Aud-usd-short

AUD/USD SHORT. I'm in! Took this trade just minutes ago. i feel its a trade worth taking because of the following reasons: a) we have a clean break below trendline b) prices are responding strongly at the 0.786 level c) a potential double top has formed and should see this pair go southwards With the poor aussie employment data today, prices should go south from here. Will be watching this closely. First tp at the next resistance level. Lets hope this one plays out and do give a thumbs up and follow me if you agree :D Happy trading and goodluck to everyone!
Short
by mywc
Pulling strongly AUDUSD to the downside - Longterm MomentumMomentum is trending down and the market broke to the up side (momentum was against it but there was a wedge), later it broke down in harmony with momentum, momentum has been trending down. It look like AUDUSD is moving down, and there is a chance that it will move quickly in 'harmonic move' fashion. There are many ways how to play this out and some of theme can bee seen in the screenshoot. Some bearish candles would be a good confirmation (like-hammer-bearish candle). To enter I'll look for Fibonacci and structure confluence. More aggressive traders could short around 0.9365.
Short
by Wizard
3