AUDUSD Next Target

20 thg 11, 2018

AUDUSD traded above 23.6 ret (0.7280) of this year downtrend and bulls should target the next retracement level around 0.7450.
It's interesting that these levels coincide with 100 and 200-day SMA.
In addition, there is a potential bearish shark pattern with completion around the target mentioned above.
Stop loss below 0.7250.

20 thg 11, 2018

Giao dịch đang hoạt động

20 thg 11, 2018

Ghi chú

bounce from 0.7150 support - 200 hour SMA, trendline and 50% retracement of 13Nov to 16Nov high. Lets see if it can rise back above 0.7280

21 thg 11, 2018

Ghi chú

AUDUSD failed to hold above 0.7280 yesterday and drop to test 0.7200 near 78.6 retracement on hourly chart before bouncing back above 200hour EMA. Failure to stay above 0.7280 (23.6 fibo) could risk a drop to 0.7150.



Cut loss previous position and re-entered long at 0.72295.