AUDUSD - Intraday short ideaAUDUSD H4
Third touch of the trendline
+
Fib golden pocket (61.8 - 71%)
+
Fib time zone (1.5 - 2)
Should see a nice short happening (intraday idea)
1. This profile is for educational purposes ONLY!
2. The setups given are my own perspective of the forex market and by no means require action!
3. Trading involves risk, past profits do not guarantee future results, so never risk what you are not willing to lose!
@PipsOfPersia
t.me
AU
AUDUSDLooking at the "flash-crash" that occurred on January 3rd, if we move to the 1hr time frame and box it off, that is where "smart money" got in and drove the price down. With this, smart money still has long positions in this area and are in need of mitigating their drawdown before we take back off to the upside. Watch price action in this area and pay attention to what smart money wants to do from here.
AUDUSDLooking at the "flash-crash" that occurred on January 3rd, if we move to the 1hr time frame and box it off, that is where "smart money" got in and drove the price down. With this, smart money still has long positions in this area and are in need of mitigating their drawdown before we take back off to the upside. Watch price action in this area and pay attention to what smart money wants to do from here.