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

Australian Dollar/U.S. DollarFXCM

Description

⋅ Apr 14, 2016 7:03 AM

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

⋅ Mar 16, 2017 3:11 AM

Trade worked out beautifully - good example of how well Fibonacci retracement works!

AUDUSD

Comments

traderparag

⋅ Mar 16, 2017 3:12 AM

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

traderparag

⋅ Apr 29, 2016 12:25 AM

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.