Read the Beforeitsnews.com story here. Advertise at Before It's News here.

By FX Instructor (Reporter)
Contributor profile | More stories

Story Views
Now:
Last hour:
Last 24 hours:
Total:

AUDUSD 60 Minute Chart Analysis February 16th, 2017

Wednesday, February 15, 2017 20:46

% of readers think this story is Fact. Add your two cents.

Hello traders good to be back with you as today we look at the AUDUSD on a 60 minute chart. The Aussie is way extended and I am looking to short this pair as we are at highs and I like the weak candles I am seeing. I am looking at taking the entry at the price of 0.7720 in that area. As I have placed the Fibonacci tool on the chart the way down will have some bumps in the road as we have to get through the 61.8 Fib and continue through a lot of price action left on the chart to get to our take profit. I would like to take profit at the 38.2 price level as that is a strong support area. The price on take profit would be 0.7661 for a nice 80 pip trade.

Thank you traders and we will talk soon….William

Source: http://fxinstructor.com/blog/audusd-60-minute-chart-analysis-february-16th-2017

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).

Comments

Online:
Visits:	1,602,802,564
Stories:	8,147,974