Balazs

A Brief Counter-Trend - If you Dare :)

Short
Balazs Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
2
Brief SELL opportunity before expected to go back up to weekly trend line. Double top and potential 2618 adds stronger case for entry.
Expected to reach target 3 (2618 fibonacci extension). Or if you don't like counter-trend, wait until it bounces from the bottom trend line (weekly or monthly).
Comment:
Correction, 1618 extension anticipated and reached...
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.