AUDUSD short 4H
Updated
lots of colours and lines here making it seem a bit confusing. Basically we have:
The way everything is adding up I could see this being the halt of the AU uptrend
- A broken uptrend
A retest of this uptrend
A break of support
A retest of support
Retest lines up with the 50% level on the FIB
The way everything is adding up I could see this being the halt of the AU uptrend
Note
I forgot to mention that we are also seeing a series of lower highs as seen with the red trend line. I'll be dropping down to the 15m timeframe to look for possible entrees at the 50% mark. If it fails to meet me expectations I'll more than likely be looking at the 78.6% region as the red trend line runs through nicely if you extend it.
will update on entry and closing shortly!
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