Another possible short trade - AUDUSD

As with the other ideas I've posted today I'm looking for a short trade on AUDUSD. For the same reason as before - USD Strength
In this case we could get a continuation trade (see Left Chart)
IF: Break of current flag
THEN: Trade short
TARGET: Previous Low

NB This depends on the dollar continuing long. If the dollar goes short then forget about this trade for now.

I'll update this idea as it develops

This is not trading advice
Steve Nixon
Trainer & Mentor

Kommentera:

As with the other charts I posted last night we are starting to see a flag develop.

Kommentera:

Break out short as predicted

Kommentera:

Target reached