J_Graystone
Short

Simple Fib Inversion Trade

FX:AUDUSD   Australian Dollar / U.S. Dollar
542 views
9
As you can see from the chart, we have this Fib Inversion at market this morning looking for a push down to target 1 at the 618 Retracement .
We are at previous structure support so if i were a trend following trader, I would be mindful of that when considering shooting for any type of extended targets.

There is also a bullish cypher down at 0.7331

Good Luck in the markets this week.

The live rooms are closed for Thanksgiving on Thursday and Friday.

Comments

I´m convinced that the daily chart are more accurate than the hourly chart. I prefer to wait for a PA entry signal on the daily chart. At this moment I prefer to wait for an entry signal as I said. Good luck with your trades.
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