Piphunters1

Final move down to DZ? Before weekly correction?

Short
FX:AUDUSD   Dollaro australiano / Dollaro
Major divergence going on MACD this is an indication that we have a dead trend. As I see it the DZ @0.7465 is the start of the new trend. This new trend seems to be a corrective wave on weekly chart.

Strategy on this trade:

Aggressive:
Place one BUY and on SELL order at reversal going on right now (check H1 for reversal pattern). Sell the long position at new reversal(~0.7693) Keep the short position run until target @ 0.7450

Moderate:
Go short after reversal @ ~0.7693 set target for 0.7450

ModerateLow:
Go short after reversal @ ~0.7693. sell 2/3 of postion on 0.7650, set target for 0.7450 for remaining 1/3.

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