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Trader, analyst and instructor with a 6-year experience

AUD/USD with L.Vereshchagin (Nov. 28)

AUDUSD  technical analysis 28.11.2013

 

Chart 1. AUDUSD (D1).

The main trading idea can be seen from the daily chart: SELL from the top of the bearish channel. Note that the "head-and-shoulders" pattern has started to work out and shows there is more room for the bears. This is another reason to pay atterntion to the other commodity currency - NZD/USD. 

 

Chart 2. AUDUSD (H4).

Find more details on the H4 chart. 

 

Chart 3. AUDUSD (H1).

H1 trade signal: 

SELL at 0.9134-0.9150

Stop Loss: 0.9214

Take Profit: 0.9076

 

Conclusion:

Sell-signal confirmed. 

 

Technical analysis by Leonid Vereshchagin

Independant FX trader, coach and analyst

AUD
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