AUDUSD Bearish December Pennant

FX:AUDUSD   Australian Dollar / U.S. Dollar
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More of a discretionary idea here as we noticed in the live room this time last year we made quite a bit of money from this pair as we saw the break to the down side following the market coil in December 2015.

We re tested the lows before making new highs.

As you can see this year, the market is moving in almost the same identical pattern.

Break out traders will be rubbing their palms together this week!

Good Luck in the markets this week guys.