AUDUSD Short Set Up,
The price has reached 38.2 fibo level of 4h down move, possibility to major down move continuation from here is highly possible.
Trading Idea
Short Entry
Sell market
Target 1 : 0.7570
Stop Loss: Above 0.7868
Buy Stop Sell Stop Order at
Target:
Stop Loss
I suggest to use a “timing” stop (Close if the price will not go in your direction within 3 bars (as an example), all depends on your trading strategy)
Trading Idea
Short Entry
Sell market
Target 1 : 0.7570
Stop Loss: Above 0.7868
Buy Stop Sell Stop Order at
Target:
Stop Loss
I suggest to use a “timing” stop (Close if the price will not go in your direction within 3 bars (as an example), all depends on your trading strategy)
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