Bearish .786 Retracement Short
Australian Dollar/U.S. DollarFXCM
Description
⋅ Why sell?
- bearish 78.6% retracement
- bearish hidden divergence
Trading Plan:
Break of .382 projection triggers sell limit orders at .236 and .114 projections
Stops 2 pips above the highs + spreads
Target 1.618 projection
Trade details highlighted on chart.
Good luck to everyone trading AUD/USD!