What do you think about the AUDUSD? I’d say it is clearly bearish, without a doubt.
As soon as I get my signal I’m going to short it.
Here is the daily chart:
See where the next LT support level is at?
It is more than 500 pips away from where it is currently trading at.
This leads to the question: Where would you set your take profit order at?
Let me know what you think.