Forex_Society

AUDUSD Weekly and Daily Analisys

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
We got a very clean set up on this pair and to make it even better all confirmations are on the higher timeframes.
Last week we coudl see how price retested the descending weekly/monthly TL rejecting it making the price create a new HL dropin to the 2nd parabolic TL and breaking it but finally this week we could see a retest of that broken CTL that lines up with one of strogest resitence points (Multi MP fib of 38% and 61% ) so in order to go short i would like to see a daily close below the 0.6825 level

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