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NizarRahalii
Aug 30, 2015 6:25 PM

GBPAUD Time Frame Weekly  Short

British Pound/Australian DollarFXCM

Description

doji candle on the resistance channel line with a regular divergence on the MACD indicator, make us thinking about correction wave can occur in the next period especially when we know that this zone is a zone of 50% fibonacci on monthly time frame
confirmation on daily or even 4h time frame by forming reversal pattern is a very good idea
have a nice trade >>>
Comments
Daniel.B
Looks good, if it's entered the 2.0000 area looks like a good overall short target! Nice analysis, very clean & simple! =)
NizarRahalii
thank you Daniel.B
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