Aussie USD is in a medium term down trend:
Chart below:
Price pulled back at the end of last week allowing short positions to be consider on the next break down.
Price has broken down over night and I have 2 entries and detailed below.
Levels and Chart below:
1st Entry: 1.0310
2nd Entry: 1.0320
Averaged Entry: 1.0315
Stop Loss: 1.0345
1st Target: 1.0230 (2.8% & previous low)
2nd Target: 1.0165 (5%)
I will update again shoul the trade be triggered.
Reagrds
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