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AUDUSD 60 Minute Chart Analysis March 24th, 2016

Friday, March 24, 2017 1:33
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Screen Shot 2017-03-24 at 07.29.50

Hello traders as we take a look at the AUDUSD 60 minute chart. When i looked at this I really like the aggressive sell off and I am looking for a short trade. I would like to see this pull back to the 38.2 Fibonacci level at the price zone of 0.7660 with a bearish candle formation. At that point I will place my sell entry. I am looking for this to come down to the support take profit zone as marked on the chart at the price level of 0.7590. The issue is we are far from our entry and this might take the US session for this trade to enter.

Thank you traders have a safe and happy weekend break we will talk soon……William


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