AUD/USD SELL - 06/11/2017
Even despite the fact that the price is still locked in the consolidation 0.7643 - 0.7720, we should consider short positions as the price fell down strongly on Friday. The move was on large volume, so that we should deliberate the scenario of the breakdown of the support after which we can open sales. The move should be supported by increased/large volume, that will be a stronger signal. A stop loss must be placed above the breakdown volume bar. A potential of the deal is 60-70 points.
The bottom line: short positions after the breakout of the support.
The bottom line: short positions after the breakout of the support.
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.