Short AUDNZD @ 1.0167 Short

Australian Dollar/New Zealand DollarFXCM

Description

⋅ Apr 8, 2015 3:47 AM

Candlesticks are beginning to become dojis which means bullish momentum is slowing down. The trend is down. Also we are at the 618 fib level. This is a extreme over bought area. We are going to take a short trade here.

Comments

ForceFollower

⋅ Apr 8, 2015 7:50 AM

A good setup with the trend on your side.