Chart of the Day AUDUSD

/ Chart of the Day / By Alex

AUDUSD broken resistance retest

AUDUSD has breaking below a hard downside resistance .6820 level. This break is opening a huge downside extension and an ongoing pullback for a retest is offering a new opportunity for selling. Only a daily close above .6850 could invalidate a downside continuation that is where the stops for the short trades should be. ARMAT trading system is pointing lower

Note: look for the short trade opportunities with the stop loss above .6850 on this pullback rejection

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