Possible setup for AUDUSD SHORT
C leg is currently on 61.8% fib retracement and shows rejection from the previous trendline resistance.
D extension target 1.272 lines in perfectly with my plotted major support.
Target just above major support so the trade does execute according to spreads and just in case a reversal was to happen just before touching the uspport.
Stop loss above the monthly and major resistance and inside the trendline because if price reaches these zones again the analysis will become invalid
D extension target 1.272 lines in perfectly with my plotted major support.
Target just above major support so the trade does execute according to spreads and just in case a reversal was to happen just before touching the uspport.
Stop loss above the monthly and major resistance and inside the trendline because if price reaches these zones again the analysis will become invalid
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