AUDUSD, more than 500 pips to go

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.

Cheers,

Raul Lopez
Forex Coaching

AUDUSD Analysis, forex


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 .