leftis
Panjang

Small Retracement & Uptrend Continuation

FX:AUDUSD   Dolar Australia/Dolar U.S
Dilihat 58 kali
3
58 1
The pair hit the 61,8% Fib Level from November's '16 high. I expect a small retracement (fib rejection and RSI divergence) back to 0.7516 - 7 level where there is a confluence of 38.2& Fib level of recent rally and pivot point from December's high. Moreover FXCM's negative Speculative Sentiment Index indicates further advance. Once this level is reached i will wait for a bullish candle pattern to confirm upside conviction in order to enter long with SL around 0.7500.
Komen: Trade setup has been invalidated. Still waiting for a pullback to enter long.
Thanks for your great analysis mate!
Here is my view on AUD/USD.
It is based mostly on Market profile (volume)
If you are interested there are more intraday and swing trading levels in my profile page. You are very welcome there!
Dale
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