Ready to Start Trading?

Open a Live or Demo account online in just a few minutes and start trading on Forex and other markets.

Apply online

Any Questions?
Contact us:

phone: +1 849 9370815

email: sales@tradersway.com

Join Us in Just 1 Minute!

Download MT4
MT5 Terminal

AUD/USD Major Pullback (December 2, 2013)

After breaking below the neckline of the head and shoulders pattern on the 4-hour time frame, AUD/USD looks ready to make a quick pullback before resuming its selloff. 

The pair found support just around the .9050 to .9100 psychological levels and appears ready to retrace to the .9200 to .9300 area, which is spanned by the Fibonacci retracement levels.

131202_audusd

 

The broken neckline of the reversal pattern lines up with the .9300 handle, which might be the line in the sand for any rallies. An aggressive entry could be set at the .9200 level with a stop above .9300 and aiming for new lows could yield a good return on risk. 

By Kate Curtis from Trader's Way

Any Questions?
Email Us: sales@tradersway.com

bob@tradersway.pro/pl
Quotations
Instrument Bid Ask Spread
Instrument Bid Ask Spread
Instrument Bid Ask Spread
Instrument Bid Ask Spread

2023 Martin Luther King Holiday Schedule

Due to the Martin King Holiday on 16 January, 2023, market activity and liquidity may be lower than usual....

Learn more

Join Us in Just 1 Minute!

Download MT4MT5 TerminalMetaTrader for Mac
TradersWay's Facebook TradersWay's Telegram Channel TradersWay's Twitter TradersWay's Instagram
bob@tradersway.pro/pl