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Short

Audusd 1 hour expiration Range trade

FX:AUDUSD   Australischer Dollar/U.S. Dollar
60 0 7
This chart has historically been trading this range you see here. we broke out but have started a bearish trend and have now returned back into this historic range. everything on here lines up for a sell at the top of this range. we have a 61.8 retracement plus a resistance level at the same price as the range high. once we reach above the .769 price level look for a sell trigger. your schostastic should indicate a over bought price on the 15 minute chart. then drop down into the 1 minute chart and look for a short term uptrend. mark a support level right at the highest low's pivot point and set a support price level at that point. when the chart breaks that level short a contract for a expiration of 1 hour. try and set your strike point to be above .7695 This method will give you the best chance of taking full profit for this trade
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