Friday

Shorts in the AUD against direction, why?

As per the composite profile for the current AUD range (first chart below), notice how buyers and sellers lose interest significantly above this level?
Notice how we have a similar scenario in the daily profiles as per the second chart?
And notice further evidence in the second chart to warrant a short trade?
The best trades are when you can align several ducks in a row. Five ducks lined up simultaneously for a short trade this morning.
Click on image to enlarge


Click on image to enlarge

Click on image to enlarge