AUDUSD daily chart short entry at structure

213
Hi traders,

On this pair I am looking at a short entry around the 0.805 area.
My reasons for entry?
  • Trend continuation
  • Previous support & resistance
  • 38.2% fib retracement on the weekly chart
  • Trendline


Please check the charts in the comments aswell for a more clear view.

Entry: 0.8045
Stop: 0.812
Target 1: 0.76
Target 2: 0.7345

Best of luck!

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