Australian Dollar / U.S. Dollar
Short
Updated

Trade idea - AUDUSD short

423
4H

Corrective approach towards entry zone.

-68 Fibonacci completion aligning with entry zone .

= Sell limit.

Bearish Fake Out flag also there as extra evidence.

0.5% risk.

Aiming to take full profit at Daily TP.
Note
MONTHLY

Double top pattern potentially in play.

Clear support & resistance zone is there.

snapshot
Note
DAILY

Bearish impulse / break of last HL: indication.

Head & Shoulders pattern: confirmation.

Clear support & resistance zone is there.

snapshot
Note
DXY seems to be aligning very nicely as well.

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Trade active
Active.
Trade closed: target reached
Daily TP hit. Took out full position.

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