AUDUSD is currently in a sideway market. However, the overall trend in daily chart is very bearish. Unless the price move back to 0.7500 or above, I will still look for sell opportunities.
If the price goes down and break 0.7325 this week, I expect we will see a breakout to the downside and will trigger my sell orders at 0.7325.
| Pair | AUDUSD | |
| Action | Sell Stop | |
| Expiry | GMT+8: 10/Aug/2018 23:59 | UTC: 10/Aug/2018 15:59 |
| Open Price | 0.7325 | |
| Stop Loss | Trailing stop to breakeven | |
| Take Profit | 0.718 | Risk-reward ratio: 1.933 |
14/8 Update: Moved stop loss to 0.737. Expecting the rebound will end soon.