AUDUSD - Well and truly in the Bears control

After we saw the 50.0 fib retracement level held with a pin bar formed...this pair has been on a steep decline. Currently we are not in any trades but we will look to short this pair on a break out of the kumo cloud and the trendline to enter on a retest. 2.22 Risk to reward is very nice

Note

re test of the trendline during the beginning of the London session. On my watchlist for now but may still move higher, bouncing off the trendline

Note

Trendline break, wait for a retest before entering

Trade closed: stop reached

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