AUDUSD - Short on Trend line bounce

1 nov 2016

AUDUSD Is getting into a wedge formation - Price Hits the trend line and bounces off the Support trend (Green) , Price is expected to hit the wedge resistance line (White) where there will be more supply for the selloff - Shorting could be a good idea - Wait for a confirmation candle before making a move

1 nov 2016

Nota

Alternatively, - Price may challenge the upper red large supply zone and use the wedge as support for the breakout

1 nov 2016

Nota

1 nov 2016

Nota

Hanging man candlestick pattern may indicate Bulls are getting tired

1 nov 2016

Trade attivo

T1