Every week a new trading opportunity !
On our market watch today is AUD/USD. The pair has formed a bearish flag, which is broken, and now we have high probability of a bearish continuation. ABC extension indicate that target to watch after this bearish break is 0.7200 with possible extension further downside.
Recommended trade size should be adjusted to your risk profile and money management.
Preferred trading strategy pending sell stop at 0.7360 or a pending limit sell order at 0.7400.
Happy trading! (click on the chart to enlarge it)
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