Balazs
Short

A Brief Counter-Trend - If you Dare :)

FX:AUDUSD   Australian Dollar / U.S. Dollar
90 6 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...
Still some up move expected after flag breakout to weekly trend line, then a big drop!

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NICE ONE :)
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Dropped down as anticipated and now almost exactly at 2618 fib extension :)
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Balazs Balazs
Correction, 1618 extension...
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i would not think about up trend for time being , im staying away thinking about short from border ,
two scenarios in my chart
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bassel.hadak PRO bassel.hadak
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