AUDUSD Short from 0.618 Fib & Upper trend line
Price is in a descending channel
Reached top trend line & 0.618 fib line (also a S&R level)
Aiming for extension down to -0.27 level @ 0.75040
Entry: 0.75961
Stop: 0.76158 (Giving room for potential bounce off 0.718 level)
Exit: 0.75040
Reached top trend line & 0.618 fib line (also a S&R level)
Aiming for extension down to -0.27 level @ 0.75040
Entry: 0.75961
Stop: 0.76158 (Giving room for potential bounce off 0.718 level)
Exit: 0.75040
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.