Trade idea - AUDUSD short
Updated
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.
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.
Comment
MONTHLY
Double top pattern potentially in play.
Clear support & resistance zone is there.
Comment
DAILY
Bearish impulse / break of last HL: indication.
Head & Shoulders pattern: confirmation.
Clear support & resistance zone is there.
Comment
DXY seems to be aligning very nicely as well.
Trade active
Active. Trade closed: target reached
Daily TP hit. Took out full position. 
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.