AUDUSD: 19th February 2018 – Chart of the Day

On a day with multiple global bank holidays I’m not expecting a great deal of activity in the markets.

However, I believe that AUDUSD could provide the first opportunity of the week.

I’d like to see a breakdown through 0.7891 and a retest in order to position short for a move lower.

If I get entry conditions, I will figure a stop and target based on the new structure that has formed.

Please click image to enlarge

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