AUDUSD is currently in a sideway market. However, the overall trend in daily chart is very bearish. Unless the price move back to 0.7500 or above, I will still look for sell opportunities.
If the price goes down and break 0.7325 this week, I expect we will see a breakout to the downside and will trigger my sell orders at 0.7325.
|Expiry||GMT+8: 10/Aug/2018 23:59||UTC: 10/Aug/2018 15:59|
|Stop Loss||Trailing stop to breakeven|
|Take Profit||0.718||Risk-reward ratio: 1.933|
14/8 Update: Moved stop loss to 0.737. Expecting the rebound will end soon.