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Fiiyat
Feb 25, 2015 9:36 AM

***AUDUSD SHORT SET UP*** Short

Australian Dollar/U.S. DollarFXCM

Description

1. Price just hit some fresh daily Supply after a big rally
2. Price at the top of upward channel
3. RSI and STOCH overbought zone
4. Price is at major resistance

I am currently bearish short term but Bullish medium term due to the double bottom on Daily Demand Zone. I will look to add long positions after I see bullish Price Action around the 0.7800 handle.

R
Comments
Fiiyat
Targets 1 and 2 ***HIT***
R
CryptoPAMM
Nice analysis, completely agree on the upside move on the chart
Fiiyat
Thank you ;)
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