AUDUSD - Potential Short!
AUDUSD has made a retracement to the 618 Fib level within the daily channel. If price stays below the resistance level (0.618 Fib) then I will look to Sell with two profit targets in mind (see chart).
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However, If price breaks and closes above the resistance level (0.618 Fib), then i'll look for a buy signal to retest the top (still within the daily channel).
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This is not trading advice, so please trade at your own risk and complete your own analysis of the respective pair.
Goodluck traders!
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However, If price breaks and closes above the resistance level (0.618 Fib), then i'll look for a buy signal to retest the top (still within the daily channel).
.
.
This is not trading advice, so please trade at your own risk and complete your own analysis of the respective pair.
Goodluck traders!
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Trade active!