AUDUSD short -- 3H timeframe -- RSI and 61.8 Fibonacci
Updated
Negative deflation factors mean lower commodity prices, risk assets, and Aussie is exposed to housing price collapse, banking sector pin-prick to the bubble, and general recessionary effects coming.
Retest of lows expected.
Price: 0.6236
Stop: 0.6270
TP1: 0.6100
TP2: 0.5800
Retest of lows expected.
Price: 0.6236
Stop: 0.6270
TP1: 0.6100
TP2: 0.5800
Trade closed: stop reached
will re-enter soonTrade active
re-entered short from original idea. Price: 0.6445
Stop: 0.6500
TP1: 0.6270
TP2: 0.6100
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