AUDUSD: Short Zone With A Potential Low Risk High Reward
Analysis on chart!
Price looks like come market open it could be heading towards a previous zone where we had some selling pressure!
This could potentially form a double top where harmonic legs are also completing, along with some confluence in a 0.382 Fibonacci Retracement, 1.272 and 1.618 Extensions and a 1.618 Inversion!
If this were to be the case and price were to hold i would be looking at a fairly tight stop with two potential targets... The first back into the previous lows and the second a 0.618 Fibonacci Retracement of the last leg!
Continue to hit that like button and comment on my ideas, all constructive feedback is welcome!
SMART TRADING
Price looks like come market open it could be heading towards a previous zone where we had some selling pressure!
This could potentially form a double top where harmonic legs are also completing, along with some confluence in a 0.382 Fibonacci Retracement, 1.272 and 1.618 Extensions and a 1.618 Inversion!
If this were to be the case and price were to hold i would be looking at a fairly tight stop with two potential targets... The first back into the previous lows and the second a 0.618 Fibonacci Retracement of the last leg!
Continue to hit that like button and comment on my ideas, all constructive feedback is welcome!
SMART TRADING
