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jbourgault

AUDUSD Short

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
jbourgault Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
7
0
This pair has now reached the 0.618 fib retracmeent level + we have a double top. Seems like a good level to enter short.

Entry: market
Stop: 0.7391 (above current double top)
Breakeven: 0.7280
Target: 0.7070 (-27% fib retracement level or when USD is starting to correct...check USDOLLAR + DXY)
Comment:
If you want to trade it safer, you might want to wait for the breakout, then the pullback, then go short.

snapshot
Order cancelled:
The top has been broken. Therefore, I won't consider this setup to be valid anymore.
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