AUDUSD Close To Sell Zone

Dec 23, 2019

hey traders,

AUDUSD is coming closer to a strong resistance area.
bulls are pushing the market within boundaries of a rising wedge pattern.
if you want to conservatively trade this setup, the best strategy that you can stick with
is to
1. Let the market reach the underlined area
2. Wait and sell bearish breakout of a rising wedge
3. Target levels: 0.689/0.687
4. Stop will be above the last higher high within the wedge.