AUD/USD: Possible short, after Price Action signal

30.01.2017 / 10:11

Rating:

AUD/USD:

Date: 30 January, 2017

H4 Graph: Long Term Short

Price made a correction up again and even that price moved up above the horizontal resistance at 0.75200, now price is forming lower highs, which is showing us the possibility for short. Price remains below the 50 ЕМА. Close to the diagonal resistance.

DEM - In the middle of the range but pointing down for short

Alternative scenario: If the price moves up above the diagonal resistance and above the 0.75800, will cancel this bearish view.

Price for Entry short around: 0.75500

SL: 0.75950

Trader - S. Fuchedzhiev

Varchev Traders

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AUD/USD: Possible short, after Price Action signal

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