Fibi_Trader

AUDUSD : Support at 50% Fibonacci Level

Long
FX_IDC:AUDUSD   Australian Dollar / U.S. Dollar

Trading based on swing trader. Bearish crossover of moving average in the chart, however price try to retraced from 50% Fibonacci level. Expecting the price to go higher to R1.

However, need for candle to close higher for confirmation.
If break break the level, assumed trend to continue the downtrend and go lower.

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.