lukelehepuu

AUDUSD FAKEOUT CONFIRMED?

FX:AUDUSD   Australian Dollar/U.S. Dollar
224 2 11
Look to the top end of this narrowing channel and you will see that price broke out, and then collapsed. Can be seen as a fake out or head fake. Price has just tested the 200MA.

If we get a break and close below the 200MA then I feel we can head a lot lower.
A few troublesome areas on the way down though. Could become a bit of a rough ride maybe?
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lukelehepuu henksaenen
@henksaenen, Didn't think so.
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