Technician
Short

AUDUSD: Pullback Before Resumption!

FX:AUDUSD   Australian Dollar/U.S. Dollar
604 4 9
-Bullish rally extended on Inverted head and shoulders breakout.
-Price hit 0.9280 resistance level , showing pin bars at resistance
-A pullback looks likely for a possible retest of the broken neckline, target near 0.9135.
-A break above 0.9280(daily closing) may negate the pullback scenario extend the upside initially to 0.9349( 1.618 extension ).
-Full target of the pattern is above 0.9450.

Good Luck, Join me @
https://twitter.com/thefxchannel
thefxchannel.com

Latest trading ideas: https://www.youtube.com/channel/UC02s7uiUQl55HkhHZDM6eUw/videos

Free Telegram Channel: https://t.me/technician_forex_trades

Trading Signals Redefined: https://thefxchannel.com
thanks for the hint!
Reply
Great chart! I totally agree. I'm waiting for a retracement to 0.9100 - 0.91500 to enter long. I do not want to play a short until there, because the risk/reward doesn't seem that great.
Reply
Err, I meant overbought. LOL
Reply
I'm short on this from .9230; Interestingly it's almost at the 150 sma, so selling short is with the trend imo. Plus it's oversold.
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out