Finally stopping this time?

Australian Dollar/Canadian DollarFXCM

Description

⋅ Mar 26, 2014 12:30 AM

As Stochastics cross yet again on an admittedly weak bearish candle, is there any slowing down for the Aussie? This is what I envision any turnaround looking like, though I'm not putting a position on until it confirms below the higher trend line.

23.6% fib w/resistance: 1.0064, 38.2% fib w/resistance: 0.9933, 50% fib w/weekly resistance: 0.9828

Comments

dhoover

⋅ Mar 27, 2014 12:30 AM

Evening star forms while stochastics stall. Awaiting confirmation. Sell order at 1.0180