AUD/USD, DAY CHART, SHORT (8-JAN-2017)
Note:
From the big picture, we remain bearish on this
AUD/USD.
There are 3 possible trading plans for this:
1. If the price break the support line at 0.729x level
significantly, wait for pullback to short with right risk.
2. If the price continue pullback back. 0.742x level
will be next shorting opportunity.
3. if the price correction is way too strong, it might
restest the strong support line at 0.753x level.
Another better short area.
From the big picture, we remain bearish on this
AUD/USD.
There are 3 possible trading plans for this:
1. If the price break the support line at 0.729x level
significantly, wait for pullback to short with right risk.
2. If the price continue pullback back. 0.742x level
will be next shorting opportunity.
3. if the price correction is way too strong, it might
restest the strong support line at 0.753x level.
Another better short area.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.