AUDUSD Weakness on the Top

16 ago 2016

AUDUSD



Planning a possible short:

• Market has some difficulty to do new high
  
• Nice FrequencyLine
  
• Nice Risk/Reward ( Target Possibly Set at 0.74400 )
  
• Nice Sell orders at 0.77200 with stop above 0.77600
  
• I would be more comfortable if price will take out the low at 0.76220
  
• Price can possibly take out the high at 0.77600 to run Stop, the fact is that the low at 0.76220 has not receive any damage

Let's see the next bars...