The808Trader

AUD/USD Short Trade Idea

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FX:AUDUSD   澳元/美元
We saw an attempt by the aussie to break higher up , but was rejected pretty firmly. We ended last week being within the cloud, showing that price is ranging. USD has been showing some strength again and I am waiting for a drop below the kumo for a possible short entry. I am looking for a break of resitance (shown by the blue horizontal line I drew) so I can enter. I'll look for a TP at the bottom of the last bearish run. I will need to see a kumo twist complete to bearish, and the break of the horizontal line to confirm when to enter.

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