AUD/USD short for a 20R trade

Ian Coleman FXStreet

Although I do not have my normal trade setup, with three AUD crosses highlighting a bearish bias, and with the risk/reward factor coming in at 20R (20X return), I am happy to short AUDUSD with a tight stop going into tonight’s Aussie CPI (inflation) data.

AUD/USD bearish crab

Author

Ian Coleman

FXStreet

Ian started his financial career at the age of 18 working as a Junior Swiss Broker at Godsell Astley and Pearce (London). He quickly moved through the ranks and was Desk Manager at RP Martins at the age of 29.

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