SamKent
Short

AUD/USD Shorting Plan

FX:AUDUSD   Australian Dollar/U.S. Dollar
137 1 1
The AUD/USD             has broken down recently, completing the triangle formation in the process. At the moment, we're looking at a bullish correction back to recent levels, we're very interested sellers at the point of technical confluence between the previous supportive trend-line (to act now as resistance), the 50%-61.8% retracement level from the recent down move, the 200 SMA to act as resistance, and finally the 50 RSI to act as resistance. Therefore, we're looking to short the pair at around the 0.876 handle, with a stop just above the 61.8% at around 0.8815.
APosner PRO
2 years ago
I am short as well...waiting for this continuation pattern to play out. Target = .8468
snapshot
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out