AUD/USD - Quick 2.6 Risk:Reward Ratio Sell

Hello Traders! Welcome to my post, today we are looking at AUD/USD and we have identified the following confluences to support this high-probability setup:

-Strong reaction off of major Fibonacci, looking to enter on the continuation.
-Strong bearish momentum, looking to enter at the 50.0% Fibonacci retracement
-Target will be the -27.2 Fibonacci extension which lines up with the major and minor channels

Stop Loss: 0.68820
Targets: 0.67300

Risk to Reward Ratio: 2.6


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Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research.
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