pencie

AUDUSD 26th April

Short
pencie Updated   
FOREXCOM:AUDUSD   Australian Dollar / U.S. Dollar
I opened a short earlier after initial break of trend line have now taken the profit happily and waiting for a bounce and retest before aggressively adding more shorts.
Comment:
Reason for early close is price is approaching very oversold in RSI and 0.5 Fib retracement of the last big rally (seen on monthly). Plus Im also expecting a more obvious and meaningful retest of the broken trundling before lots more pips to the downside
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