Short AUDUSD

2019-11-07 04:25:37

AUDUSD is a sideway trend

There are two reasons that make me intent shorting AU

- First, in Daily timeframe, the Price touch a boundary of decreasing channel

- Second, in H4 timeframe, sellers are coming to break trendline with strong momentum after accumulating

Expectation:
- Short AU is in around 0.69 area
- Stop-loss and Take profit like in the image

Good luck & safe trade

(The idea is created to discuss, there are no recommendations for any buy/sell order. Feedback is welcome)