SHORT AUD/USD on Double Top and Price Rejections

2017年1月31日

There are numerous indications that the AUDUSD will drop from here. Divergence, rejections, Pin bars, Lack of bullish conviction. I've been holding a short for a week unfortunately, but I feel that today's price action is the beginning of a downtrend from here. It would be nice to see a retracement of the entire previous bull swing, but even getting down to 7350 would be a delight. Happy Trading!