AUDUSD Sell idea

We might see a great sell setup very soon on the H4 chart of AUDUSD. There is a confluence of 2 trend lines coming from the highs. Fibo expansion 61.8% falls into that zone as well.

Technical Analysis

H4 – trend lines confluence, fibo expansion level, divergence

Entry
False break of the confluencing zone could be a great sell trigger.

Targets
Last low which is also a good support zone, leave the second part of the trade running afterwards.

Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.