AUDUSD Short

١٢ يناير ٢٠١٧

AUDUSD

Looks overbought and can make quick 20-25 pips profit.

- Technical outlook indicates that the movement overstretched in intraday charts, as indicators are in extreme overbought territory,

- However above 0.7524, December high and presents an immediate resistance

- In the 4 hours chart, the price is far above a bullish 20 SMA, the RSI heading north at 77, although the Momentum also slightly presents a strong upward slope in multi-month highs, supporting the bullish breakout, it indicates oversold.

- Having said this, the Fed Chair Yellen's Speech shortly could trigger unknown further up/down movement

As usual I'm in for 20-25 pip profit. Ride with me!

١٦ يناير ٢٠١٧

أغلقت الصفقة: تم الوصول للهدف

Target reached and closed.

Hope you guys made some good pips on this trade