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Balazs
Apr 26, 2016 7:35 PM

A Brief Counter-Trend - If you Dare :) Short

Australian Dollar/U.S. DollarFXCM

Description

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...
Comments
Balazs
Still some up move expected after flag breakout to weekly trend line, then a big drop!

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