On the AUDUSD chart, we can see that the pair is in the wedge after the rejection from a strong downside support 0.7630-0.7680 zone. To have a confirmed wedge break we need to see a daily close below the 0.7520 level.
Note: look for the short trade entries with the SL above the 0.7650 level.
Proprietary trading!
Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy and allows you to make position Risk Free. We are publishing 5-10 trade alerts per week via real-time Private twitter feed!