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Looking to sell AUDUSD: Lambert
Clive Lambert of FutureTechs is selling AUDUSD.
Lambert says that AUDUSD continues to be capped by downtrend line on the longer term charts and continues to post candles with long upper shadows ( Shooting Star candles). Lambert believes that this says that rallies are being sold into when we hit a “77” handle.
Steve Lambert is looking to sell at 0.7660 with a stop at 7700. His initial target is at 0.7600 and he has a second target at 0.7510 and finally an extended target at 0.7420.
Lambert will close the trade by the end of Friday if the first target has not been achieved.
FULL DISCLAIMER
NOTIFICATION ON NON-INDEPENDENT INVESTMENT RESEARCH AND RISK WARNING
01:30 minutes
Tags: audusd, audusd short, clive lambert futurestechs, currencies, currency, currency pairs, forex, saxobank.com, saxotradergo, tradingfloor.com