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Dan_Pips
Mar 28, 2015 1:49 PM

AUDUSD Short

Australian Dollar/U.S. DollarFXCM

Description

Weekly Downtrend

4 hour Fib retracement at 76%
4 hour Horizontal line of S&R where price is currently closed
4 hour CTL in uptrend with price currently approaching - wait for break,
retest and continuation of this line before entering short

Target 1 = 4 hour Fib at 0% = confluent with previous price areas
Target 2 = 4 hour Fib at 0.27% = confluent with previous price areas
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