TradingView
motleifaul
Feb 29, 2016 7:53 PM
Retracement ended
Short
FX:AUDUSD
240
Australian Dollar/U.S. Dollar
FXCM
Description
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Feb 29, 2016 7:53 PM
The rate hat retraced almost 38 % of its decline since 25th February but failed to retrace more. Thus it is now trying the downside again.
Trade closed: target reached
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Mar 1, 2016 12:18 AM
I am closing the position with little profit. There is no momentum developing and ForceFollower is right, of course.
Comments
ForceFollower
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Feb 29, 2016 8:10 PM
AUD and USD have been equally strong recently, they're both neither weak nor strong. So, it can continue in a range for some time now.
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