Breakout opportunity on AUDUSD

A breakout opportunity is forming on the AUDUSD. The pair is in a downtrend from a few weeks and has already given three very great sell opportunities. The setup was identical for all the three:
• breakdown of price
• breakdown of Sentiment Index
• opportunities below resistance

Right now the breakout could be either to the upside or to the downside so let's just wait and see when the breakout comes.

Last but not least, always check confirmation from the indicators!

Trade stängt: målet nått:

Nice impulsive move and target reached pretty quickly