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RippleNinja
Sep 1, 2016 4:00 PM

AUDUSD 4H Chart Short

Australian Dollar/U.S. DollarFXCM

Description

Ive had this chart marked up for about 12 days i think. and its currently still heading my way. hoping to short around 0.78228 for a TP at 0.73785 at the 61.8 fib retracement for 445 Pips gain against a 102 pip loss at 0.79287

no Harmonic pattern used.

looking for feed back
Comments
nxtleveltrader
in my humble opinion the daily uptrend has recently been broken, were looking to be headed down shortly towards the previous lows area you've marked at the 0.71500
nxtleveltrader
Always look for confirmation of your opinion though of where you think th market is headed. I could be wrong, but it seems more likely to be headed down from here not back upwards.
RippleNinja
Thank you For your feedback, I really appreciate it. I'm quite new to trading so its great to hear what others think
nxtleveltrader
No problem. I consider myself fairly inexperienced to trading, but I'm learning a lot. This website is excellent i love it.
RippleNinja
Thats cool Bro, yeah its good to see if my analysis comes out or if others are correct. keep up the grind man :) no such thing as luck in this game
nxtleveltrader
Exactly. Thanks you too.
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