The AUDUSD has been in a well defined upward trend for a number of years now. It is currently making a bullish move and looks set to continue until it hits the next level of resistance at approximately 1.0700:
The opening trade on the AUDUSD was posted on twitter at 1.0428 and the exit sell strategy is based on one of the following events occurring:
- the price hitting the next resistance trend line (the top resistance trend line in the chart above)
- the daily TSI rising above 25 (technical overbought sell)
- the daily TSI falling below 0 (technical stop)
These trades have been set up on timetotrade and the closing prices will be automatically posted on twitter.