AUDUSD Potential for Bearish Drop| 27th December 2022Looking at the H4 chart, my overall bias for AUDUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a possible sell stop entry at 0.66501, where the 78.6% Fibonacci line is to catch the possible double top formation. Stop loss will be at 0.67673, where the previous high is. Take profit will be at 0.65221, where the 161.8% Fibonacci extension line is.
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