AUDUSD Short
SHORT OPPORTUNITY
* Market is forming a rising wedge which is coming up against a weekly zone
* Bearish trend on weekly: MA's are bearish waiting for wick to retest 8 EMA blue line
* Daily made a lower low, broke weekly support
* Price might consolidate inside the red box then breakout
IF MARKET REVERSES
*waiting to retest weekly and go for longs
* Market is forming a rising wedge which is coming up against a weekly zone
* Bearish trend on weekly: MA's are bearish waiting for wick to retest 8 EMA blue line
* Daily made a lower low, broke weekly support
* Price might consolidate inside the red box then breakout
IF MARKET REVERSES
*waiting to retest weekly and go for longs
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