AUDUSD SHORT Following Trend Line
Updated
AUDUSD has touch the top of the trend line and quickly pulled back.
While also placing the Fibonacci, we can see it was shorted in the golden 50-61.8 zone.
In its previous 1 hr uptrend, this Friday, it has broken the trend and is now heading down, hopefully towards the bottom trend line for its third touch.
TP is at the -.27 level and may take half off near 4 RR.
Check out my twitter down below and give me a follow if you liked this idea.
While also placing the Fibonacci, we can see it was shorted in the golden 50-61.8 zone.
In its previous 1 hr uptrend, this Friday, it has broken the trend and is now heading down, hopefully towards the bottom trend line for its third touch.
TP is at the -.27 level and may take half off near 4 RR.
Check out my twitter down below and give me a follow if you liked this idea.
Note
Stop moved to breakeven.
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