Waiting and watching to go short

FX:AUDUSD   Australian Dollar / U.S. Dollar
50 1 0
The the ongoing correction higher came to a halt where price have been under pressure for over a week. The upside is still limited until it breaks the 20 day MA at 0.7938 and if it does the it is going for a H&S pattern with 2nd shoulder coming in at 0.8022-74 where it will be time to sell again. If it would break even higher then 1.618 fib is at 0.84.

The inner trendline limited the downside at the end of last week but there is a clear downside target at 0.7541 ( ish             )

I will watch the price action and wait and see which possible upside target may come to a halt this time around
Spot on
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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