gdf_fx

AUDUSD WEEKLY TF SHORT

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
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3
  • weekly based trade, i notice that weekly/monthly trendlines are extremely sensitive
  • nice reaction off the weekly here
  • on lower timeframes i will be looking for a pull back that will provide a lower risk short
  • as this is a weekly based trade S1 target will be a monster on its own
  • strict trade management will be used if the opportunity presents to ride the trend down to S2 and S3 targets if possible
  • my current dxy bias is bullish which supports this however if i should spot some bearish signals on the dollar i will reevaluate this

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Comments

interesting that even with the poor week the dollar had, the pair couldn't breakout..
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