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mirditapaul828

Shorting the Aussie Dollar

Short
Australian Dollar / U.S. Dollar (FOREXCOM:AUDUSD)  
mirditapaul828  
FOREXCOM:AUDUSD   Australian Dollar / U.S. Dollar
Double Top or Bottom Forex
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doubletoporbottom forex
Assuming the 20 Day MA crosses the 50MA and 100MA, there is a great chance it will continue it's major downtrend.

Reasons?
- Double top (clearer depiction on 15min chart)
- MACD - Blue signal appears to move below the orange
- RSI - Closer to being overbought
- 20 Day MA is close to crossing above both 50MA and 100MA

Trade: Sell (Short) AUD/USD
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