AU retest of breakout
2/2/2016 Tuesday
Currency Pair: AUDUSD
Entry: SELL Stop @ 0.7035
SL: 0.7085
TP: 0.6885
Analysis
Pros
-daily support 0.7100
-retracement of 50 and 61.8
-rejection of the 50 and 60 ema
-retest of the triangle breakout
-high test candle on weekls close
-4h double top
-4h breakout double top neckline
-4h breakout of trend line
-4h retest of trend line
Con-
-weekly bullish candle
Currency Pair: AUDUSD
Entry: SELL Stop @ 0.7035
SL: 0.7085
TP: 0.6885
Analysis
Pros
-daily support 0.7100
-retracement of 50 and 61.8
-rejection of the 50 and 60 ema
-retest of the triangle breakout
-high test candle on weekls close
-4h double top
-4h breakout double top neckline
-4h breakout of trend line
-4h retest of trend line
Con-
-weekly bullish candle
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