RKchartest

AUDUSD Trade Setup 26 JAN 16

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD Just made our 2 for wave 5. This gives us a good entry point with low risk and high reward. Im conservative and set my Take Profit for 1.618 of wave 1. This allows me to trade the other waves such as wave C in 4 and also wave 5 that will finish this cycle.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.