AUDUSD Forecast and Trade setup for 09.06.14
Hourly Chart
- Potential Bearish Bat pattern
- With 88.6% fib confluence with the 127.2 fib expansion and also confluence of Weekly Pivot R1
- Descending channel treneline
Monday, June 9, 2014
AUDUSD Forecast and Trade setup for 09.06.14
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
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