This is a weekly chart of 
AUDUSD
Probability : Short
AUDUSD still in bullish channel, price bounced after testing the resistance around 0.8130, so maybe it's the beginning of the correction.
I suggest going short because :
1- Price at important resistance level.
2- Price approaching an important Fibonacci level 61.80% ( from 0.6000 2008 to 1.1000 2011 ).
3- Trend line ( red one ) can send price lower.
I will put my SL above the resistance area, and TP will be at the 38.20%
Updates will be available later.
This is not a signal, it's just my opinion, Good luck
AUDUSDProbability : Short
AUDUSD still in bullish channel, price bounced after testing the resistance around 0.8130, so maybe it's the beginning of the correction.I suggest going short because :
1- Price at important resistance level.
2- Price approaching an important Fibonacci level 61.80% ( from 0.6000 2008 to 1.1000 2011 ).
3- Trend line ( red one ) can send price lower.
I will put my SL above the resistance area, and TP will be at the 38.20%
Updates will be available later.
This is not a signal, it's just my opinion, Good luck
Trade active
price broke the trend lineTrade active
Trade closed manually
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.