AUDUSD Trade: Short triggered
Week of 6/23
- Waited a whole week for this set up. We have multiple wick rejections from the key level region we marked up prior to the correction move as well as multiple precedence of confluence. Although I would like a more sufficing retracement to the 61.8 fib level, the bears have clearly shown presence at the 50.0 fib level. Expecting bears to push further down. All AUD pairs showing bear presence.
Week of 6/23
- Waited a whole week for this set up. We have multiple wick rejections from the key level region we marked up prior to the correction move as well as multiple precedence of confluence. Although I would like a more sufficing retracement to the 61.8 fib level, the bears have clearly shown presence at the 50.0 fib level. Expecting bears to push further down. All AUD pairs showing bear presence.