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Erudite_Investments
Jan 24, 2016 3:09 PM

AUDUSD - Short Short

Australian Dollar/U.S. DollarFXCM

Description

Will be watching how AUDUSD will unfold as the week progresses to try and identify opportunities for a short trade.

Price remains below the dynamic resistance of the moving averages, along with a potential short-term Daily Fibonacci move. This has confluence with a retest of the break of the ascending CTL which provides further confirmation of a bearish sentiment.

Would need a break of previous support before considering entries - this will add to the probability of the trade success.
Comments
amit.fx
got the same - short

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