AUD/USD SET TO GET WEAKER... 🚨🚨🚨
Hi Traders
Please see our analysis on Aud/Usd.
In our previous post we predicted this move up into a key Fibonacci level before seeing a rejection to the downside.
As price came into our first level we take a risk on trade which is now running risk free.
Previously analysis is linked below so you can see this prediction.
We are now waiting on more bearish momentum showing so we can scale into this position to the downside.
We want to see price break below this zone below and then we will look to add in some more shorts.
However if price keeps moving higher we will look for reversal signs above this zone to get back in and then scale in again once.
Again trade safely and have a brilliant week!
The Fx Chartist
Please see our analysis on Aud/Usd.
In our previous post we predicted this move up into a key Fibonacci level before seeing a rejection to the downside.
As price came into our first level we take a risk on trade which is now running risk free.
Previously analysis is linked below so you can see this prediction.
We are now waiting on more bearish momentum showing so we can scale into this position to the downside.
We want to see price break below this zone below and then we will look to add in some more shorts.
However if price keeps moving higher we will look for reversal signs above this zone to get back in and then scale in again once.
Again trade safely and have a brilliant week!
The Fx Chartist
Comment:
Take profit hit.
