AUD/USD SHORT
Updated
AUDUSDI've been watching AUD/USD pair for quite a while now. Here are my reasons on AUD/USD short :
- H4 chart bullish trend had been broken down and currently having a pullback to the upper side
- Fibonacci in H4 confirmed the resistance at 0.786 level and should be dropping to 0.382 level
- Resistance can be clearly seen on the H1 chart @0.72377 (Currently struggling to break , ADX below 20)
- D1, weekly, and monthly charts are overall bearish
- Fundamentally USD is getting stronger because of the war situation
Here's a reasonable entry and exit based on Fibonacci retracement:
Entry : 0.72340
TP : 0.71679
Stop Loss : 0.72854
Please mind your broker's spread and your money management.
Trade active
Trade closed: target reached
TP REACHED @0.71679
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