AUDUSD Trendline Breakout
This set-up needs no introduction. As AUDxxx pairs weaken and the Big Banks remove the their Buy positions, we can notice that the trendline has already been broken. What we await now is a confirmation of the continuation to the downside by a break of the Ichimoku Cloud, then we can look for a Short to the 68.2% Fib Retracement level to bag a few pips.
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.