The AUDUSD set up for a short early in the U.S. session overlap after a third lower high… risking 15 pips for a potential 39 pips to our daily target at .7525.
Price went sideways after the entry for 30 minutes then began to move lower stalling near yesterday’s low. We ended up giving back a few pips as price moved a bit higher going into the U.K. close triggering our take profit.
The AUDUSD has now taken out the support level where price had surged earlier in the week reacting to the RBA rate statement.
Good luck with your trading!
