AUDUSD Potential Sell off Incoming
There are a few factors that are pushing me to believe we will have a retracement before we explode upwards into the 0.74 range.
Unsustainably Bullish NFP last week.
BREXIT.
Trade Tensions continuing between China and US.
I will anticipate the sell off early with stop placed at fib extensions.
This is not a signal to trade, trade at your own risk.
Feel free to comment or question any of the indicators used in this chart.
There are a few factors that are pushing me to believe we will have a retracement before we explode upwards into the 0.74 range.
Unsustainably Bullish NFP last week.
BREXIT.
Trade Tensions continuing between China and US.
I will anticipate the sell off early with stop placed at fib extensions.
This is not a signal to trade, trade at your own risk.
Feel free to comment or question any of the indicators used in this chart.
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Entered 1 parcel
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2nd Parcel entered
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2nd parcel entered at 0.7205
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Double top has produced rejection from the 0.7230 area. Lets see if momentum can be maintained
