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Murci
Aug 31, 2016 4:33 AM

AUDCHF short opportunity Short

Australian Dollar/Swiss FrancFXCM

Description

M:
1. High test
2. Bounce of TL
W:
1. Evening star formation

D:
1. Bearish MACD divergence
2. Forming H&SH
3. Key area of resistance
4.Deceleration
5. 0.5 Fib retracement
6. AUD looking bearish across the board

Intraday:
1. Bear flag on some bearish divergence
2. forming H&SH


NEGATIVE CONFLUENCES:
1. 4H 50 EMA on the way
2. TL still being respected
3. D 50 EMA just below
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