minthooka

AUD/USD! Short then long

minthooka Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Aud/Usd I will look to short this. It's extremely overbought with divergence on the RSI. Stock RSI just had a crossover. Looking for a retracement. It broke the horizontal resistance and now it will come back and retest it as the support. Also the previous angled support is now the resistance. Once it comes down to touch horizontal line it will come back up to the angled line. It's also and ABCD pattern and the wave up looks like it will be in similar size as the first wave up. I'm going to short then long. Try to catch them both ways. Overall bias is still bullish.
Comment:
Contribute to my tip jar. Donations always encourage me to put out free signals for you guys :)

BTC address: 1NRe8YKANkcntHM8fUmhAt3fkuScATayeB
Comment:
Somewhat risky! we are going against the trend. I set a sell limit
Entry: 7990
SL: 8070
TP: 7760

Almost 3:1 ratio
Comment:
Looking good so far. Not much movement.
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