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MarcusWyatt
Jan 31, 2014 12:58 PM

Bullish Crab on 4H AUDUSD Short

Australian Dollar/U.S. DollarFXCM

Description

The Aussie just broke out of the Bearish Pennant, after a week of trading in the 0.8822 to 0.8680 range. If we see a move lower, I believe we should see the 0.8550 level where the PRZ of the Bullish Crab is located. That would be a good level to go long on the Aussie, since the market should be pretty exhausted and over extended to the downside.
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