FX:AUDUSD   Australian Dollar / U.S. Dollar
4
AUDUSD OVERALL TREND WAS BEARISH, SO I ALL I HAD TO DO WAS LOOK FOR A GOOD ENTRY ON THE 4H CHART BASED ON FIBONACCI RETRACEMENT LEVELS. WHEN I STEPPED ON THE 4H CHAR I MARKED ALL STRUCTURE BASED SWING AND AND CREATED A OVERALL BIAS OF THE MARKET BEING BEARISH. I ENTERED THIS TRADE BECAUSE WHEN IT HIT THE .5 FIB IT REACTED OFF IT WITH A BEARISH ENGLULFING PATTERN.
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