![\"AUD\/USD](\"http:\/\/www.real-forex.com\/charts-daily\/November2010\/AUD_DAILY_301110.JPG\")
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After an uptrend who last for 3 weeks, the pair clearly broke down the support of 0.9662 during the last session. As mentioned, it is not recommended to enter any transaction immediately after a breakdown; it may be safer waiting for a small correction and then go \u201cShort\u201d (in our case) along with the trend.<\/p>\n
As a result, a confirmation of the new trend is required through the identification of a decreasing configuration on 1H graph, unless the pair, during the correction process, would break back the Support of 0.9662. If it does, the previous opportunity is not relevant any more.<\/p>\n
Actually, in order to catch the opportunity to go \u201cShort\u201d, the identification of a decreasing configuration on 1H is needed to confirm such an opportunity.<\/p>\n
Potential trade<\/p>\n
1H graph: http:\/\/www.real-forex.com\/charts-daily\/November2010\/AUD_1H_301110.JPG<\/a><\/p>\n The required configuration should appear with the breakdown of the 1H support on 0.9567. In this case, a transaction may be ordered.<\/p>\n –\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u201cLimit\u201d order on \u201cShort\u201d position 10 pips below the mentioned 1h Support, which is: 0.9557<\/p>\n –\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u201cStop Loss\u201d order on the last peak appeared: 0.9610<\/p>\n –\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1st degree to place the \u201cTake Profit\u201d: 0.9524<\/p>\n USD\/CHF<\/p>\n<\/p>\n