Friday, June 6, 2014

AUDUSD potential short trade coming


Looking to short the aussie at 78.6%fib (0.935) which also is a resistance zone. ( Sorry guys screenshot of chart is just from my iphone)
- descending trendline
- possible descending channel however some may argue as its a bullish pattern
- weekly or monthly pivot (unsure which one as iam trading on my iphone)



Risk is medium as recent days had very bullish momentum