Short Audusd : Broadening Wedge Breakout
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Hi Guys,
After consolidating for last few sessions, we got breakout in AUDUSD, wait till this hourly candle close and ensure it broke the broadening wedge lower trendline. After valid analysis initiate shorts in AUDUSD based on your risk reward with stops above previous swing high aiming for 0.7600's as Target 1 in Audusd.
Note : Current Audusd ( hourly candle) didn't close below lower trendline of the wedge, short only after valid breakout. Never be in hurry to trade.
Happy Trading !
After consolidating for last few sessions, we got breakout in AUDUSD, wait till this hourly candle close and ensure it broke the broadening wedge lower trendline. After valid analysis initiate shorts in AUDUSD based on your risk reward with stops above previous swing high aiming for 0.7600's as Target 1 in Audusd.
Note : Current Audusd ( hourly candle) didn't close below lower trendline of the wedge, short only after valid breakout. Never be in hurry to trade.
Happy Trading !
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Sorry guys , little busy.. Thats why late update. Hope you guys caught the move
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