TradingView
Fxprotrader
Nov 1, 2016 9:50 AM

AUDUSD: Let's Try Make It Three Winners In a Row Short

Australian Dollar/U.S. DollarFXCM

Description

After two back to back winners in AUDUSD (links on the chart), with price bouncing between parallels of a valid median line, we have another opportunity in AUDUSD, as sell this time. I have now added a downsloping median line set into my analysis, only because the slope is pretty active and i have a better path to watch price moving in. We now see that price is being rejected at the upper parallel of the downsloping purple pitchfork at a level where it meets the lower parallelof the larger upsloping set. If price tests once more the current level i am goinh short with sl and tp as shown at the chart.
Comments
BuzinessHandlers
and I see BEARISH BAT PATTERN AS A CONFIRMATION
Fxprotrader
Thanks for sharing..
AlexJaensson1
looks good
Fxprotrader
Yes, it's going well..
AlexJaensson1
If price makes a bullish move, will the original sell level still hold as resistance?
More