AU Short With The Trend

AU has been in a downtrend since July and after the initial drop, there have been opportunities to short. Here is another one:

AU

I first identified the short back in July and took the entry which was explained here. It was a big reversal play which saw the pair fall for the rest of July, and all of August and there was another chance to short last week.

An obvious downtrend and break of daily demand.

Lower time frame entry:

And then the move:

I hope you found this useful.