Chart courtesy of Dynamic Trader. Data provided by Advanced GET (eSignal)
A look at this chart short term shows up a potential head and shoulders pattern forming. Now although it has not formed a great pattern if you zoomed out on the daily chart of the AUD you will see a triple top which I have mentioned earlier this month. You will also see that since mentioning it, the market attempted a rally to deal above the resistance and failed as can be so commonly predicted at 786.
Look for a potential break below the lows with good volatility, or a bearish pattern formation. Remember, yesterdays candle is showing a potential reversal so we need good volatility to trust any break.
I assume you have all pulled out or protected some profits on your big wins so far on the EURSEK last week. Use the scale out options I have shown you to keep in this as long as we can.
All the best for this trading week guys.