AUDUSD : 100 pips trade

[finikas90]

A good opportunity for a 100 pips trade on the AUDUSD has appeared under the 4 Hour timeframe.

The current setup at the moment is set for a short, however long trades can be placed under certain conditions.

Why Sell

• A continuous down trend line
• A falling trendline acting as a resistance which keeps holding
• Trend (long term) indicators are pointing down
• Extreme indicators are pointing oversold
• The pair completed a 100 pips up move correction, hence the up move may be over

Read more about here