AUDUSD - This leg could go down between .71600 to .72000 — Australian Dollar/U.S. Dollar (FX:AUDUSD) / 2016-04-14 — traderparag

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Australian Dollar/U.S. Dollar (FX:AUDUSD)

FX:AUDUSD Australian Dollar/U.S. Dollar

audusd

Another chart showing a good possibility of a downside based on Fib . 618 Retracement ... which could take AUDUSD to anywhere between .71600 to .72000

Short on AUDUSD ... with a SL of .77200

Trade closed: target reached: Trade worked out beautifully - good example of how well Fibonacci retracement works!

Related Ideas

about AUDUSD

Although AUDUSD not only touched Fib .618, it went passed it a bit, the recent down move is only a confirmation of this next big leg down and right now is also a good opportunity to short AUDUSD.

After hitting .618 resistance zone, price came back to previous levels..

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