Sagefx

AUD/USD SHORT SCENARIO 4 HOUR TF

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
AUSSIE AT EXTREMELY OVERBOUGHT LEVELS, TESTED THE WEEKLY TREND LINE RESISTANCE AND FAILED. PRICE IS CURRENTLY BELOW THE FIB 61.8 RESISTANCE AND IS ALSO FORMING THE RIGHT SHOULDER OF A H&S PATTERN. HIGH PROBABILITY TRADE WITH GOOD RISK TO REWARD RATIO. LETS SEE HOW IT PLAYS OUT