A good opportunity for a 100 pips trade on the AUDUSD has appeared under the 4 Hour timeframe.
The current setup at the moment is set for a short, however long trades can be placed under certain conditions.
Why Sell
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The current setup at the moment is set for a short, however long trades can be placed under certain conditions.
Why Sell
- A continuous down trend line
- A falling trendline acting as a resistance which keeps holding
- Trend (long term) indicators are pointing down
- Extreme indicators are pointing oversold
- The pair completed a 100 pips up move correction, hence the up move may be over
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