AUDUSD Potential for down movement idea - Stoch and Fib used

Nov 27, 2018

My idea is that the pair will move downward, the Stochastic indicator is staying low and Fib retracement looks set to take place. Will keep this updated as it plays out, shorter time frame (5M) show's signs of further downward movement.

Nov 28, 2018

Trade active

Idea remains valid for now, although a early stop may be employed to reduce losses.

Dec 3, 2018

Trade closed: stop reached

Dec 20, 2018

Note

Could have looked at a re-entry at a more favourable price.