January 31, 2018

AUDUSD Price at important resistance zone
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 here.

AUDUSD Short entry by Tradingood

I am a medium risk trader, Safety and Profitability. My goal is constant small wins. I try to trade in safe way and make losses as small as possible, Also adapt to changing markets. Most of all I trade GBPUSD EURUSD GBPJPY and OIL.

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