AUDUSD: Potential 2618 Setup Short

Australian Dollar/U.S. DollarFXCM

Description

⋅ Feb 23, 2015 11:35 AM

Following up from the weekend analysis (tradingview.com/v/cyQvvPar/), the structure resistance holds and we now have a potential 2618 setup.

I would love to hear your opinion, feel free to comment, agree or disagree.

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KY

USD (US Dollar)2618 Trade

Comments

dionvuletich

⋅ Feb 23, 2015 9:09 PM

...or maybe it is forming a 2618 to the bullish side on the higher time frames right now..??

KarYong

⋅ Feb 23, 2015 10:35 PM

For me a valid double top or bottom has to come with a divergence. So for the bullish side, there isn't one to me. But yes, according to price action there is a bullish 2618 as well :)