Looking in my chart, I think that AUD/USD's trend has started to change.
What do you think?
I am thinking of shorting, however, do you think it is better to wait for a retrace to enter going short?Ignored
In my opinion the long term trend is still up however we have been consolidating downwards with large swings in each direction (large enough to trade in both if you wanted to).
Personally I will remain long (as per my earlier post) until price shows me otherwise. For me the 0.8500 area is still the lower support level that needs to be broken/destroyed before I would say it is a long term short.
But that's just my opinion... I am a bit stubborn when it comes to trend changes!! Lol!