forexopl
Short

AUDUSD Price Action Short

FX:AUDUSD   Australian Dollar / U.S. Dollar
156 1 0
Major confluences in both exit and entry. Current price is in fib zone, top of channel, brushing up against previous broken trendline , at resistance, bear flag and forming a wedge .

Exit at .8410 - .8400, which is the extension of the flag pole, 1.27 fib extension of prior swing, and round number.

High probability play, which will take probably can take anywhere from 1 to 4 weeks to complete - will require patience. Next week major AUD news, so very well can start the sell off next week.
Also, a possible double top. :)
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out