TheForexClubFX

AUD/USD (Aggressive Short-Term-Entry) - Market Update

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
We may have a possible entry coming at the close of this hour. As we see our trend-line is close to being broken. The only concern I have is our Critical Zone (That aligns with a 78.6% Fibo + Monthly Support Area); preferably I would like to see if price can manage to close -BELOW- that area; as that would give us a higher % to reach our Minor Support (Yellow Box Shown Above).

Now you could -possibly- enter this trade at the close of this hour as a VERY AGGRESSIVE ENTRY or wait until the close of the 2H/4H candle which is in 1 Hour and 15 Minutes. If those 2 confirm also a bearish movement you can place a conservative entry.

Or you can place a entry at the end of this hour and at the end of the 2H/4H candle as a re-entry to maximize your profits. Now I am NOT saying place a -SELL- at the end of this hour we still have to wait for confirmation!

If price closes -ABOVE- our trend-line we may have a possible up-side. So remember to wait for CONFIRMATION!

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