AUDUSD will continue to the down and we got a trade set up that indicate a continuation of the price. and the area i marked above the stoploss is 38.2 fib level resistenceand it is already price resistence that given as double confluence to take the trade. G00D LUCK anD always practice risk managemnet.
i have posted nsd100 trade idea of sell and we have realized over 700 pips, then we are waiting next move of this trade either reversing up or breakout to the down side.
this trade is extremely is overbought and it is at the top of the channel i will short from the high to the low of channel and then if the price breaks below the channel it will be another short set up. please trade with your risk management rules.
i have made a macro analysis of usd currency index, last months the index was going down sharply day after day, but last weeks it was supported by the support of the trend i have got a confirmation of MACD exaturated deivergence. this is not an investment advice, your final decition is in your hand. G00D luck.
