XavierAlexander
Short

AUDUSD GREAT H4 SHORT POTENTIAL VERY TIGHT STOP GREAT CHANNEL £$

FX:AUDUSD   Australian Dollar/U.S. Dollar
Very clean detailed S/R x Fibonacci retrace analysis, 62.8% retracement occurring last 2 candles suggest bullish momentum is dying out!

This trade for me is a channel trade, I use Fibonacci and S/R to add confluence. Please zoom out and examine these areas


The diagonal channel is 3 - 4 months old and very valid and we have seen price already bounce off the top channel 4 times.

Very tight stop any violation of channel suggest full trend reversal.

Commodity channel index overbought currently heading south with break of diagonal bottom

Good luck and happy trading :)
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 Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out