Fxprotrader
Short

AUDUSD Watch For A Sell At This Zone

FX:AUDUSD   Australian Dollar/U.S. Dollar
Price is heading up where will soon reach a key resistance zone consists from:

- 0.786 fibonacci retracement of previous impulsive
- previous structure
- slide parallel of a median line (valid slope)

Watch for a sell setup in this zone

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FXpt Can you tell me your target on this trade? I agree it should retrace but I have this move up as an "A" wave so a retracement to around the .745 - .75 area and the another move up. The AO (indacator I use) tells me there is no divergence and this should bring another move up after a correction. Lets see how this plays out. Good luck
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Thanks ! Looks really nice :D
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