AUDUSD: Looking for short opportunities

Written by Raul Lopez on . Posted in Trades & Analysis.

This Monday has been difficult for most currency pairs because of the wild moves we saw in the EUR pairs, last Friday movements in the GBP pairs… Probably the best thing to do today is to look for the clearest trading opportunities, like the AUDUSD

Last Thursday we talked about the AUDUSD, we mentioned the market was trading in a short term range and it needed to break either side of the range to start looking for a trading opportunity. Well, just broke the bottom of the range:

AUDUSD
AUDUSD

This puts the Aussie-dollar in a bearish market condition, looking for short trading opportunities.

My Trading Plan:

As long as the market keeps trading below 0.9193, I will be looking for short trading opportunities. All TP orders will bet set around 0.9022.

All long opportunities will be ignored.

Trade Safe!

Raul Lopez

AUDUSD Analysis, australian dollar, Forex majors

Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .
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