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yoosnoop
Jun 11, 2015 8:50 PM

audusd Long

Australian Dollar/U.S. DollarFXCM

Description

price retested broken TL. 50SMA in support of bullish momentum as well as the 50 & 200SMA crossover on the 1hrTF. long lower wicks show strong rejection of lower levels
Potential for double bottom which would push price to 0.8027-0.8037 upon completion.

1ST TARGET: 0.7876 (50% FIB)
2ND TARGET: 0.8027 (78.6% FIB)
STOP: 0.7693
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