AUDUSD Long
Currently in a ranging market as we have resistance that has failed to break April 2016 to present.
Weekly Trend line Resistance from 2013 has now broken
Recent Trendline Support (January 2016) Respected.
Recent Trendline Support (daily chart) December 2016 has been Broken So we are bearish for a retracement/bearish Period.
I am looking for price forth Bearish to the 61.8 Area which is also Trendline Support To be taking (LONG) to (April 2016) resistance.
Buy Limit Position as i'm not monitoring everyday
156 Pips Risk for 321 Pips Profit
Happy trading!
Currently in a ranging market as we have resistance that has failed to break April 2016 to present.
Weekly Trend line Resistance from 2013 has now broken
Recent Trendline Support (January 2016) Respected.
Recent Trendline Support (daily chart) December 2016 has been Broken So we are bearish for a retracement/bearish Period.
I am looking for price forth Bearish to the 61.8 Area which is also Trendline Support To be taking (LONG) to (April 2016) resistance.
Buy Limit Position as i'm not monitoring everyday
156 Pips Risk for 321 Pips Profit
Happy trading!
