Trader_Troy

AUD/USD currently indecisive; we favour short side

Viés de baixa
Trader_Troy Atualizado   
FX_IDC:AUDUSD   Dólar Australiano/Dólar Americano
7
AUD/USD is currently indecisive with prices having broken out of this descending trendline but capped at the .618 fib. There are two inside bars, one spinning top and one doji. This indecision/confusion comes from traders seeing a triple bottom form and then prices breaking out of this trendline, while this pair has been bearish for some time and prices are being capped at the 61.8% fib which is confluent with resistance. I'm looking for prices to show some downside and break this counter trendline before going short. First target at 0.7150 where this triple bottom is, with a risk/reward ratio of 1:2.5
Ordem cancelada:
This idea has been invalidated as price broke above my key resistance
Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.