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Proszi

AUDUSD Direction Shift | Shorts on Pullback

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
Proszi  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Lines Fibonacci Support and Resistance audusdshort pullbacktrade retracement Fibonacci Retracement trendreversal shortsetup swingtrading
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trendline fibonacci supportandresistance audusdshort pullbacktrade retracement fibonacciretracement trendreversal shortsetup swingtrading
AUDUSD shown a bearish breakout from the ascending trendline after being completely overbought. This changes the markets momentum shift and we will be looking to enter this bearish trend on the 0.5 Fib retracement, and also retesting the current hourly descending trendline which is holding pretty well so far.
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