AUDUSD: Stay Short Below Wedge Supprot
Strategy: Short at 0.9098, Targeting 0.8735
We sold AUDUSD at 0.9098 as prices broke below support at the bottom of a Rising Wedge formation after showing an evening Evenings Star bearish reversal candlestick pattern. Positioning is effectively unchanged since the trade was placed and we will remain short, targeting 0.8735 as before. A stop-loss will be activated on a daily close above 0.9258.
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