TheOnlyVince
Short

Limit short on AUDUSD

FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD is currently in a nice bullish move after breaking out a strong resistance found at 0.8875. So far the price action is looking rather firm and decided to reach the next resistance found at the 38.2% Fibo retracement (@0.89347).

We can expect a price exhaustion there and probably a reversal at the entry of this supply zone formed by the confluence of two distinct Fibo retracements that will act as resistance (please see the chart).

Limit short entry between 0.8935 and 0.8950, Stop Loss @ 0.9000 and Take Profit at 0.8825 the current support zone .
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out