Friday, June 3, 2016
Audi A4 2.0T Quattro 2017
9:19 PM Videos
AUDUSD reaching the 61.8% retracement level here and that is a nice place to try a short position as wave a of a lower degree, in purple, most likely will end around these levels. The move from the lows is not looking impulsive, but corrective, and this calls for a retracement beyond the 61.8% level so 0.7200 area should come into play sooner rather than later. FOMC statement the other day unleashed a lower US dollar all over the dashboard as Fed slashed the number of hikes this year to two instead of four. This sent the currency lower and it’s the reason why the AUDUSD is surging. However, I would like to fade this move with a stop loss at 0.7800 as if we go that high it means wave b in green is completed. This trade is for the brave ones as we’re trying to pick a marginal top here with this AUDUSD, so make sure you trade it accordingly. - See more at: http://www.forexnews.com/blog/2016/03/17/351048/#sthash.4rKs4hME.dpufAUDUSD reaching the 61.8% retracement level here and that is a nice place to try a short position as wave a of a lower degree, in purple, most likely will end around these levels. The move from the lows is not looking impulsive, but corrective, and this calls for a retracement beyond the 61.8% level so 0.7200 area should come into play sooner rather than later. FOMC statement the other day unleashed a lower US dollar all over the dashboard as Fed slashed the number of hikes this year to two instead of four. This sent the currency lower and it’s the reason why the AUDUSD is surging. However, I would like to fade this move with a stop loss at 0.7800 as if we go that high it means wave b in green is completed. This trade is for the brave ones as we’re trying to pick a marginal top here with this AUDUSD, so make sure you trade it accordingly. - See more at: http://www.forexnews.com/blog/2016/03/17/351048/#sthash.4rKs4hME.dpuf
