AUDUSD CHANNEL SHORT! Short

Australian Dollar/U.S. DollarFXCM

Description

⋅ Jan 8, 2015 1:03 AM

Currently in a downward channel.

Looking to short at touch of channel on slightly before due to the fact I won't be trading this live (bedtime...)

Hopefully it triggers in the next 4-5 hours and we ride it all the way back to initial resistance and beyond.

First target is shown on the chart, Second target will be near 0.80000 and will be trailed with a stop.

STOCH, RSI, MACD all lined up on the 1hr chart.

Fingers crossed it triggers!

USD (US Dollar)short Parallel Channel

Comments

FreeGekko

⋅ Jan 8, 2015 8:01 PM

Ooh, produced an evening star right at your SL. Unfortunate but nice channel prediction. Good luck

nick.harrington

⋅ Jan 8, 2015 10:24 PM

Thanks! Due to the very slow movement I took some profit early so ended up thankly but will look to get back in if it manages to come back to the plan.