AUDCHF SHORT TERM OUTLOOK

Feb 16, 2016

As price have pulled back right in to the 61.8% fib level, which is lining up with the MIDAR R1 Curve, 50 Day MA and 200 Day MA a move to the downside seems most feasible. Look for a bearish candle and a close BELOW the T-line of the 4hr time frame before going short, as this would confirm that a change in investor sentiment have taken place. The T-LIne is the 8 EMA .

For clarification, I mean January 2016 high, NOT January 16th in regards to where MIDAS was launched.