AUD has been weak for days, and I continue to be bear with it.

2015-08-26_15-13-14-AU1

On Hourly chart (Above), the price has been dropping fast, riding 21EMA, while Stochastic is reaching to the top.  Thus I would like to consider the Short setup.

On M15 chart (below), I would like to sell this pair from Fib38.2-61.8% level, down to Fib138.2% level.  Please notice DPP is included in this zone.  Also Hourly 21EMA is @ 0.7140 ish.

2015-08-26_15-15-43-AU2

I would like to see if I can get into this trade right after London Open.

 

YJ Baik – Forex.Today @ Tokyo

 

 

 

 

 

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