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koralesky
Jul 13, 2018 10:04 AM

AUDUSD Short swing after reaching descending trendline +0,618fib 

Australian Dollar/U.S. DollarFXCM

Description

On the chart we can see descending trendline and strong 0,618 fibo retracement level. In this projection, we have to wait, till the market gonna reach this yellow circle, and look for short positions.
Comments
bolli49
Moin im D and weekly a Pattern long ; a retracement of 66% /38% at 0,75 / 6 is my target GL
bltan6
Hi, great work, i think it is time to short to 0.73825 at opening nex t week, first.
koralesky
@bltan6, Hi, I think if the market will stay below 0.743, then your strategy is right, however if it gonna break this level, and keep going north, then I would wait for something about 0.753-0.752, and then look for some shorts. GL and stay profitable
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