Possible short on AUDUSD
Price hit resistance level on the daily TF that was last hit in April 2016. If you scale down to the 4H TF, Price bounced off the RSI three times before crossing down. If RSI closes below the trendline, we have a chance of shorting. The resistance and support lines are based on the Daily TF.
Possible target can be at the 0.5 fib level or 0.77007
This is for educational purposes only
Possible target can be at the 0.5 fib level or 0.77007
This is for educational purposes only
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