traderparag
Short

AUDUSD - This leg could go down between .71600 to .72000

FX:AUDUSD   Australian Dollar/U.S. Dollar
100 2 8
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!
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.
Reply
After hitting .618 resistance zone, price came back to previous levels..
+1 Reply
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