FXLifestyle

Aussie smashed our PIPS this Week!!

Short
FXLifestyle Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Attached is our analysis from last week predicting Aussie dropping PIPS like flies. We expected the reversal to come sooner from the Supply zone drawn on the chart in Red, where the green circle is but entered when price retested the 50 FIB and formed a 2x Top and then broke through 38.2 FIB. Wish we entered on the retested 2x Top neckline but can't always be in front of the screen watching. The Fed Rate Increase to 2% also fueled the fire for it drop. 125 PIPS earned this week on just one of our trades!! We are holding this trade over the weekend and might possibly be entering another short position!

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