AUDUSD Potential Sell off Incoming
There are a few factors that are pushing me to believe we will have a retracement before we explode upwards into the 0.74 range.
Unsustainably Bullish NFP last week.
BREXIT.
Trade Tensions continuing between China and US.
I will anticipate the sell off early with stop placed at fib extensions.
This is not a signal to trade, trade at your own risk.
Feel free to comment or question any of the indicators used in this chart.
There are a few factors that are pushing me to believe we will have a retracement before we explode upwards into the 0.74 range.
Unsustainably Bullish NFP last week.
BREXIT.
Trade Tensions continuing between China and US.
I will anticipate the sell off early with stop placed at fib extensions.
This is not a signal to trade, trade at your own risk.
Feel free to comment or question any of the indicators used in this chart.
Trade active:
Entered 1 parcel
Trade active:
2nd Parcel entered
Trade active:
2nd parcel entered at 0.7205
Trade active:
Double top has produced rejection from the 0.7230 area. Lets see if momentum can be maintained
