AUDUSD Short Potential
As we face the Initial Jobless Claims report and US GDP report as well, I will be seeking a strong rejection from 0.66400
to short the pair and aim for 0.65900.
Key Points:
-we are in a strong bear market
-H4 points to a minor retracement based on the strong momentum- and, as such, a 23.6% fib retracement setup would be
a good level to have a continuation from.
-we are potentially going to tap into a zone of liquidity before we tank.
Potential: 40-50 pips.
to short the pair and aim for 0.65900.
Key Points:
-we are in a strong bear market
-H4 points to a minor retracement based on the strong momentum- and, as such, a 23.6% fib retracement setup would be
a good level to have a continuation from.
-we are potentially going to tap into a zone of liquidity before we tank.
Potential: 40-50 pips.
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