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An AUD/USD Short Inspired by Elliott Wave

An AUD/USD Short Inspired by Elliott Wave

Todd Gordon, Technical Strategist

This short AUDUSD trade would be taken using the following parameters:

Trade: Short half of a position at 0.9065, and short another half position at 0.9105

Stop: Place a stop loss at 0.91500

Take Profit: Take half profits at 0.8950 and let the remaining position run until 0.8856

Also read: Post-NFP Short Opportunity in AUD/USD

By Todd Gordon, founder, TradingAnalysis.com

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Disclaimer: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors.

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