Oh look… the FTSE looks like cable before the referendum sell off… uh oh


Shorting AUDUSD on open @ current price

I will be blindly short from current resistance on market open. If my first zone fails (SL at 0.7500) then I will be watching for a move and rejection of 2nd rounded test @ 0.753 with a stop at 0.756 with half of my original position. From the large bearish candle you can see that many weak longs got taken out at the original support (0.7300). Conversely, the two days following, those shorts were taken out. This leads me to believe that the current level is strong to initiate further shorts into.