HamzaLeith
Short

AUDUSD short setup

FX:AUDUSD   Australian Dollar/U.S. Dollar
This idea is based on a combination of Median Line Analysis and momentum indicators. The rationale behind this setup is shown on the chart along with specific target and stop loss. Good luck guys.
Update!!!!
AUDUSD a bit more to the downside before a correction
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Haven't done the EW count on this one guys. The trade was based on momentum and the slope of the pitchfork which remains valid (yielding a downwards projection) until we break above its upper parallel. The problem with these methods is that they are very reactive sort of speak. I am going to do the Elliott wave count and post an update shortly. cheers.
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IvanLabrie PRO jangseohee
snapshot


I would just wait to go long here.
+1 Reply
Agreed!
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Nice one Hamza, definitely keep an eye on this one for the next week. Thank you for sharing and Good Luck :)
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HamzaLeith moneymaking
Cheers mate, glad you liked it
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