amanpaulbhogal
Short

Short again on AUD/USD

FX:AUDUSD   Australian Dollar/U.S. Dollar
Another short set up on AUDUSD             since downward momentum on the previous set up (idea linked) failed is on offer. The present set up comes after a deeper pull back, organic in a sense, into the 50 ema which also lines up with a previous level of support (~0.7250), now acting as resistance, and the 0.618 FIbonacci level. Price closed as a high test bar. Oscillator convergence is visible.

entry - below low of high test bar
stop loss - above high of high test bar
target - at or below previous low

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