The AUDUSD has been trending down since the end of 2011, so I am looking for a good short signal on this pair. What I am currently waiting for is a breakout of the blue trendline, after that a small retracement or some consolidation. If and when this occurs, I will place my short entry. It will most likely by around the 0.71 mark.
Best of luck!
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The blue trendline is broken, Unfortunately I missed it overnight. Now I am waiting for a retracement for a good entry.