An overview of the
currency markets by 
Hello and welcome back to another week of trading.
On the AUD/USD daily chart, we’re forming a (contracting) triangle formation and we’re almost near the end of it.
According to our analysis, we are in a downtrend. Watch for a potential test of the upper trend line, however, look for it continue down. If you are are currently in a sell trade, put your stop rigth above the upper trend line - keeping in mind that it may “wick” you out so be a little generous when setting your stop loss prices.
Once it breaks and moves away from the bottom trend line, look for a nice movement down.
This is a nice potential trade set up here so keep your eyes on this one. Remember to place your stops and use your money management.
Good luck and we’ll hopefully we’ll get another set up to share with you tomorrow.
Happy trading.