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dojitrader
Mar 25, 2014 8:02 AM

Lota Resistance around .9200 For Potential Short ??? Short

Australian Dollar/U.S. DollarFXCM

Description

Large AB=CD with an ab=cd within
1.272 fib extensions
.50 % fib retracement from Oct highs
Also resistance on the 4hr chart
A = C waves
All lining up right around .9200
I've set no precise short entry as I'm
hoping the candlesticks will give me a trigger/stops
will go just above the .50 fib retracement
for a low risk opportunity
Targets are .9140 then .9050 and .8950
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