ID 07.1 | AUD/USD SELL | ENTRY: 0.8490 | SL: 0.8675

Entry @14:15 ET > We continue to hold a bearish view on the AUD/USD pair – see June market setup charts here.  Taking AUD/USD sell on TL break.  Stop above the recent high, and target at least to bottom of channel.  Charts below.

Update @23:20 ET > Resistance trendline on 15min chart below provides an indicator for a manual exit of this trade.

07.07 @09:30 ET > Moving stop to above resistance line at 0.8675 [corrected].  Chart to follow.

07.07 @12:16 ET > Updated chart below, stop is currently above red downtrend line which has provided resistance for the recent bearish movement.

07.07 @ 14:45 ET > Some members missed the corrected STOP movement, and subsequently got stopped out.  We have recommended a re-entry TL for re-entering the sell trade should they wish to do so.  Obviously if the stop gets hit before the break, do not take the re-entry sell trade.  Chart below.