AUDUSD short scalp fired
Updated
After FOMC ok news, and AUS employment mixed bag news.
AUDSUD took an initial dip on the FOMC even, then retraced to the .618 fib.
I shorted then, hoping that the upcoming AUS news would not be very strong (neither bull nor bear).
The zones shown are from my Fibonacci based Support Resistance Analysis:
AUDSUD took an initial dip on the FOMC even, then retraced to the .618 fib.
I shorted then, hoping that the upcoming AUS news would not be very strong (neither bull nor bear).
The zones shown are from my Fibonacci based Support Resistance Analysis:
Note
I did not have time to prep the main chart a little better, but here is what I am looking for:Note
Both targets hit and then some!Closed entire position now, planning for bounce to short again.
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