AUDUSD – A clear bearish condition

The AUDUSD its been trading in a clear bearish market condition since early Monday, it was rejected from an important long term resistance level, and it looks like it will continue its way down until it finds the next long term support level:

I’ll keep looking for short opportunities as long as the AUDUSD keeps trading below 1.0778

Trade Safe!

Raul Lopez
Forex Training

Tags:


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 .