AUD has been weak for days, and I continue to be bear with it.
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.
I would like to see if I can get into this trade right after London Open.
YJ Baik – Forex.Today @ Tokyo