AUDUSD - Short on Trend line bounce

1 thg 11, 2016

AUDUSD Is getting into a wedge formation - Price Hits the trend line and bounces off the Support trend (Green) , Price is expected to hit the wedge resistance line (White) where there will be more supply for the selloff - Shorting could be a good idea - Wait for a confirmation candle before making a move

1 thg 11, 2016

Ghi chú

Alternatively, - Price may challenge the upper red large supply zone and use the wedge as support for the breakout

1 thg 11, 2016

Ghi chú

1 thg 11, 2016

Ghi chú

Hanging man candlestick pattern may indicate Bulls are getting tired

1 thg 11, 2016

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