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jdhstar123
Dec 11, 2019 8:50 PM

Possible short scenario ( awaiting confirmation) Short

Australian Dollar/U.S. DollarFXCM

Description

Price has just spiked up and broke through the he descending trendline after the US Fomc and data statistics. I will wait too see if price breaks back into the descending trendline to confirm a fakeout. Other added confluences to back up a short are descending trendline smack bang on the 68 fib and also a head and shoulder pattern.

Comment

I’ve now entered into a short.

SL 0.68999 32pips
TP 0.67020 157pips (ish)
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