Possible Sell

2018年6月8日

AUDUSD is a possible sell for me. From 060618 it had a 100 pip drop from .618 fib. It is currently trying to retest to .50 fib. on 4hr chart. Come this week, I will keep an eye to see if it bounces further down or breaks the .50 higher. As i see, this pair is still on a down trend from September 2014, some might say that it is uptrend from January 2016, but it has yet to break from .50 fib or even come close to the .618 fib on the weekly downtrend from 2014.

So, for now my analysis is from the 4hr chart. Good luck and like always, risk management.