FX:AUDUSD   Australian Dollar/U.S. Dollar
154 1 8
- Stoch bearish divergence forming
- time to retrace to fib
- 2 lower high's already made, expecting a 3rd one
- still hasn't broken the trend line

best to sell after validation of a bearish candlestick price action ( confirmation that our trend is still valid)

I post my idea's as a practice for myself to be able to go back to and see what i have done right or wrong, please do not take my idea's as a signal.
Comment: Booked 20% profit, the rest is running
Comment removed
those fibs shows each retracement that took place with in the past couple of months.
obviously you have taken the trade and its not going in your favor, have some patience :)
the price has just started to retrace and its far away from the current SL shown on the chart.
have a safe trade.
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