Direct from the desk of Dane Williams,
This is not your average forex broker email.
With AUD/USD remaining capped by daily trend line resistance, I explained on the blog why I’m looking for shorts.
A short that I may just have found.
Take a look at the AUD/USD intraday price action on the hourly chart below.
You can see that price is capped by higher time frame trend line resistance and that the second retest of the level was a lower high.
After forming that lower high, price then dropped hard, before pulling back to retest the first area of short term support as resistance.
A potential place to short!
Place your stops and manage your risk accordingly. There’s certainly some potential here.
Best of probabilities to you,