Probability to short AUDUSD
This is a weekly chart of
AUDUSD
Probability : Short
AUDUSD
still in bullish channel, price bounced after testing the resistance around 0.8130, so maybe it's the beginning of the correction.
I suggest going short because :
1- Price at important resistance level.
2- Price approaching an important Fibonacci level 61.80% ( from 0.6000 2008 to 1.1000 2011 ).
3- Trend line ( red one ) can send price lower.
I will put my SL above the resistance area, and TP will be at the 38.20%
Updates will be available later.
This is not a signal, it's just my opinion, Good luck
AUDUSD
Probability : Short
AUDUSD
still in bullish channel, price bounced after testing the resistance around 0.8130, so maybe it's the beginning of the correction. I suggest going short because :
1- Price at important resistance level.
2- Price approaching an important Fibonacci level 61.80% ( from 0.6000 2008 to 1.1000 2011 ).
3- Trend line ( red one ) can send price lower.
I will put my SL above the resistance area, and TP will be at the 38.20%
Updates will be available later.
This is not a signal, it's just my opinion, Good luck
Trade active:
price broke the trend line
Trade active:
Trade closed manually