AUDUSD Trendline Breakout

3 thg 5, 2020

This set-up needs no introduction. As AUDxxx pairs weaken and the Big Banks remove the their Buy positions, we can notice that the trendline has already been broken. What we await now is a confirmation of the continuation to the downside by a break of the Ichimoku Cloud, then we can look for a Short to the 68.2% Fib Retracement level to bag a few pips.