AUDUSD Retrace to R.1
Updated
AUD in retrace following MACD Bounce, and RSI + Stoch bottoming out.
Ideal TP would be at the first resistance line, 0.75694
Quick retrace in the downward momentum, once, move is complete look for further downwards movement towards the next support line at 0.76461
Ideal TP would be at the first resistance line, 0.75694
Quick retrace in the downward momentum, once, move is complete look for further downwards movement towards the next support line at 0.76461
Trade active
SL @ 0.74946 / TP @ 0.75694Expecting only a quick move up before regaining downward momentum!
This is only what i have seen and analyzed!
Trade with care
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