DavidMarcy_TradeHuntFx
Short

AUDUSD 07/02/16 - Bears are waiting to feast on this pair..

FX:AUDUSD   Australian Dollar/U.S. Dollar
10 months ago
Thanks for joining for my first published idea onTrading View. Here, I am looking at AUDUSD             , particularly on the 1hr chart. Prices closed on Friday around a strong level of support with a hourly trendline providing the weakened bulls with some technical hope which is likely to push this pair initially higher, hopefully to our sell zone (B), which will complete the 5 Elliot wave impulse moves. As I see there is two fantastic short opportunities here, one being to sell on a break and retest of the trendline as fore-mentioned. The other more favoured opportunity is presented on the retest of the kumo cloud which coincides with 38.2 fib retracement levels.

Target is 161.80 fib extension level (0.70140)
9 months ago
Comment: TP hit, 100 pips, congratulations
Feedback is greatly welcomed!
Reply
TP hit! 100+ pips. Congratulations to those who used this post to activate short positions.
Reply
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