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LorbeerInv
Jun 13, 2017 8:23 AM

Advanced Trend Analyses Short

AUD/USDOANDA

Description

Looks like DoubleTop in Resitance after ABCD Retracement. This hase everything that a trend follower wants to see for conservative entry.

First we get the new swing low wich indicates more downside potential than upside - check
ABCD Retracement into Resistance (since C retraced deeply into AB, it is natural that D is a smaller Fib extention here 1.27 of AB instead of 1.618 of BC) - check
Double Top right into Resitance. For very conservative entry one can wait for the "V" low between the tops to break and hence confirm the DT
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