AUDUSD PATIENCE IS KEY, Short on breakout

Hello fellas. This pair is currently on its way out of the five month long consolidation period. Long term bias is bearish. The only thing I will wait for now is a break and close below the support line, followed by a pullback in case its a fake breakout. If it still holds i will short this pair.

I'm expecting a big drop if it breaks, lets start the waiting game!

- Long term bearish bias
- Below 200 SMA on higher time frames
- Breakout from consolidation often gives a massive drop.

Cheers!

Yorum:

Shorts gets added tonight