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Jnwsk
30. Jul. 2016 15:10

AUDUSD ANALYSIS WEEK OF JULY 31, 2016 Short

Australian Dollar/U.S. DollarFXCM

Beschreibung

Weekly:
Price is at major resistance area at 0.76000. The candle did not close bullish above last weeks candle followed by the bearish shooting star. Finding a nice short would be a good idea before its continuation up.

4 Hour:
Price is in a nice upward channel. I see a possible Head & Shoulders pattern forming. The right shoulder can possibly form in the price area of 0.76000 - 0.76500. Break of the neckline is a good area to enter for short. Next area to look at to long would be 0.72500 - 0.72800

Wishing everyone a good trading week!

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More up movement possibly.

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