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GrowInvest
Nov 29, 2016 10:41 PM

Getting ready to short again Short

Australian Dollar/U.S. DollarFXCM

Description

Getting ready to short again.

Consistent with long-term downtrend and possible FED rate hike (December 14).

TP: 0,7180

Trade active

Comment

+100 pips now

Comment

+194 pips

Trade closed manually

Trade closed. Profit taken. +270 pips

Comment

Just sharing my charts, where the price currently is. On the monthly chart the price bounced from the strong support trend line and is now at the top of the resistance trend line. The 4H chart is showing an upward channel with resistance area. So where the price can go is unclear for now. The decission might come in next 1-2 weeks and it might have a fundamental reason (like FED Funds Rate statement or Trump policy). Take care.

Comment

After one week still hard to play.
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