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nadextradinginstitute-admin
Apr 3, 2017 2:15 AM

audusd short after short term buy opp Short

Australian Dollar/U.S. DollarFXCM

Description

Due to the bears blocking the bulls at the .77483 range for a continuous
4 times we are now in a momentum shift the bears have taken control with the bulls ready to push back one more time. we can look for a very short term buy at the 78.6 retracement followed by a downtrend. I will wait for a break and first lower low after the trend break to initiate a sell
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