AUDUSD Watch For A Sell At This Zone Short

Australian Dollar/U.S. DollarFXCM

Description

⋅ Jul 30, 2016 11:01 AM

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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Comments

btM_Afta

⋅ Jul 31, 2016 10:59 PM

Thanks ! Looks really nice :D

nahidik

⋅ Jul 30, 2016 4:09 PM

nahidik

⋅ Jul 30, 2016 4:09 PM

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

happyluckydog

⋅ Jul 31, 2016 3:10 AM

no one know. check on 5 minute. later will retest 0.7250