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Sagefx
Sep 30, 2016 6:00 PM

AUD/USD SHORT SCENARIO 4 HOUR TF Short

Australian Dollar/U.S. DollarFXCM

Description

AUSSIE AT EXTREMELY OVERBOUGHT LEVELS, TESTED THE WEEKLY TREND LINE RESISTANCE AND FAILED. PRICE IS CURRENTLY BELOW THE FIB 61.8 RESISTANCE AND IS ALSO FORMING THE RIGHT SHOULDER OF A H&S PATTERN. HIGH PROBABILITY TRADE WITH GOOD RISK TO REWARD RATIO. LETS SEE HOW IT PLAYS OUT
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