FX:AUDUSD   Australian Dollar/U.S. Dollar
49 2 5
4 months ago
if only watch the small bullish channel , then price perhaps have more room further above 0.78; however if you open a bigger picture in the daily chary, there is a triangle is forming and the last two days price kissed the upper bond and rejected there, as well clearly two inverted hammer daily candle indicate that there is strong sell signal appeared. so i suggest sell current level, with SL above 0.7760.. target will depend on the Fib retracement level plus two uptrend line support. they are around 0.7560 and 0.7450 respectively, trade may run 4 weeks around..

Cheers and GL
3 months ago
Comment: OK, looks like its trying to hit the 1st target today ;)
OAKS PRO
4 months ago
Sorry, guys, there are some error on this chart, SL should be 0.7760, not that much as charts show....while put fib 0 level at yesterday high, not the 0.7672. sorry for that mistake
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OAKS PRO
3 months ago
OK, looks like its trying to hit the 1st target today ;)
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