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sambak
Apr 1, 2020 12:34 AM

AUDUSD Analysis Short

Australian Dollar/U.S. DollarFXCM

Description

Price in downward trend on Weekly timeframe. Currently at nice pullback on the 4h and daily timeframe. Price rejected at 61.8 Fib line and previous structure 0.61762. Waiting for price to break countertrend line, EMA, and previous support 0.60234. If price breaks support and retests as new resistance, looking to short at 0.60234 down to next support 0.57283 for a 300 pip gain.
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