FX:AUDUSD   Australischer Dollar/U.S. Dollar
After about 6 weeks of bullish price action, price is now at weekly resistance. Watching for a break of support & channel for shorts potential swing trade..
Right man. After breakout it could be a retest back of the trendline and after that to go down for good, but basically you are right.
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eazywayout Rick_69ro
@Rick_69ro, exactly : )
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Hi Easywaout. Are we looking for shorts from the current price to bottom of the channel?
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eazywayout Tunga1983
@Tunga1983, if your an aggressive trader you can enter at market price, but I would recommend a break of the channel first so price could give us a better idea of what to expect for the dollar
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Tunga1983 eazywayout
@eazywayout, thank you, yes i was judging with the rejection on the last candle from last week and the respecting of the trend channel.
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eazywayout Tunga1983
@Tunga1983, as long as the next candle close is below the previous candle you may have a good chance to go short
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