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savvyacademy
19 apr 2016 04:26

AUDUSD 4 Hourly Resistance - Short on Retracement Kort

Australian Dollar/U.S. DollarFXCM

Beskrivning

With 3 rising Tops and with a recent bullish rally that is so steep, it is anticipated that a consolidation is in the making.
Should Price hold out recent top as resistance, it is likely to fall and gain support at the 1st Support as marked.

Trade stängt: Stopp nått

Stopped out.
The better bet is still to follow the bullish pressure as seen on the chart
More and bigger bullish bars than bearish ones.
Trend following wins!
Mer