Big Short on AU

One of the biggest movers last week was AU and we caught the drop. NU had a similar move and I have some analysis on that one as well.


Price hit daily supply where price previous had a substantial drop in price, so I was ready for a short.

The H4 chart created formed a reversal pattern which added further confluence to the trade.

The 30m confirmed so I took the short.


Price then fell steadily for the rest of the week.


NU was very similar although there was a double top not a head and shoulder pattern.


NU has fallen much further now but this was a good trade. Even with a couple losses this week too. This was another great week.

I hope you found this useful.

Get In On The Action

Find out how you can take trades like these each and every week.

Click below for more

Like what you see? Share it here:

Leave a Comment

Want to improve your trading? | Download your free Traders Checklist


Learn To Read The Market

Your guide to consistent trading profits:
  • Identify high quality setups
  • Learn to read price action
  • Trade with confidence