AUDUSD Short Idea
Price action for AU has been majorly bearish on larger time-frames so we will look to short in favor of the trend
Current price action has rejected the 50% fib level & key resistance around 0.688 the current pattern looks a lot like a head & shoulders pattern as well
Upon enough confirmation we will look to short and target the monthly support and -27% 4hour fib around 0.66- 0.657
Price action for AU has been majorly bearish on larger time-frames so we will look to short in favor of the trend
Current price action has rejected the 50% fib level & key resistance around 0.688 the current pattern looks a lot like a head & shoulders pattern as well
Upon enough confirmation we will look to short and target the monthly support and -27% 4hour fib around 0.66- 0.657
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.