19 August 2016 at 6:59 GMT
Clive Lambert - FuturesTechs
Clive Lambert of FuturesTechs 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.
Clive Lambert is looking to sell at 0.7660 with a stop at 0.7700. 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.
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