I AM GOING SHORT AUD/USD BECAUSE 4 HR CHART CLOSED BELOW ITS 200 EMA UNTIL 1 HR CHART CLOSES ABOVE 62 EMA BOTTOM COULD BE 7794
Trade active:
I AM SOLD AT 7878 AND AM GOING TO WAIT FOR 1 HR CHART TO CLOSE ABOVE 62 EMA THEN I WILL MEASURE FROM THE HI OF THE CANDLE THAT CLOSES ABOVE THE 1 HR CHART 62 EMA TO THE LOW OF 1 HR CHART IT ROSE FROM AN BUY ON 70 % PULLBACK
Trade closed: target reached:
1 HR CHART CLOSED ABOVE 62 EMA . I USED FIBONACCI TO MEASURE 70 % PULLBACK TO CLOSE SHORT POSITION AND BUY LONG AT 7807 STOP LOSS AT 7788