AUDUSD: Sell Opportunity at Upper Parallel of Median Line

٢٥ مارس ٢٠١٧

Clearly in a downtrend price is moving into a valid slope which is represented by the downsloping modified schiff. A rejection at the upper paralell signals that price finds good resistance and most likey is going to continue dropping. In case it retests the upper parallel i am going short with sl and tp as shown at the chart.