AUD/USD 8 Hour Wedge Ready to Break

UPDATE: The AUD/USD trade is developing. I’m planning my long trade for the end of the day!

AUD USD TRADE UPDATE

________________________________

The consolidation in the AUD/USD is coming to a point–literally.

With all of the downward trend behind it, many people are bias to the short side (and how could you blame them?!), but what about the reversal potential here?

I am quite ready for either side here. I don’t mind taking a somewhat counter-trend trade if there is a massive Risk/Reward in play and I certainly don’t mind jumping on the biggest trend of the year at a better price.

What do you think?

Which way do you anticipate the next 500+ pip move and are you willing to trade on either side here?

AUDUSD 8 HOUR ANALYSIS

The following two tabs change content below.
Winners Edge Trading was founded in 2009 and is working to create the most current and useful Forex information and training available on the internet.

Winner’s Edge Trading, as seen on:

Winner's Edge Trading in the news