On the 1-hour timeframe, AUDUSD has experienced a significant trendline breakdown,
Presenting an Unmedicated area where we can consider a short-side entry. Upon confirmation on the 15-minute timeframe
We can plan a trade on the short side, setting our stoploss of 7 to 10 pips and initial take profit (TP) at 30 pips and our secondary TP at 50 pips. This area also aligns with the Fibonacci Golden Zone.
The decision for a short-side entry will entirely rely on market behavior and confirmation on the M15 timeframe.
Presenting an Unmedicated area where we can consider a short-side entry. Upon confirmation on the 15-minute timeframe
We can plan a trade on the short side, setting our stoploss of 7 to 10 pips and initial take profit (TP) at 30 pips and our secondary TP at 50 pips. This area also aligns with the Fibonacci Golden Zone.
The decision for a short-side entry will entirely rely on market behavior and confirmation on the M15 timeframe.