koralesky

AUDUSD Short swing after reaching descending trendline +0,618fib

FX:AUDUSD   Australian Dollar / U.S. Dollar
On the chart we can see descending trendline and strong 0,618 fibo retracement level. In this projection, we have to wait, till the market gonna reach this yellow circle, and look for short positions.

Comments

Moin im D and weekly a Pattern long ; a retracement of 66% /38% at 0,75 / 6 is my target GL
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Hi, great work, i think it is time to short to 0.73825 at opening nex t week, first.
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@bltan6, Hi, I think if the market will stay below 0.743, then your strategy is right, however if it gonna break this level, and keep going north, then I would wait for something about 0.753-0.752, and then look for some shorts. GL and stay profitable
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