DavidOcean84

Aussie Dollar Short and Possible Retrace

FX:AUDUSD   Australian Dollar/U.S. Dollar
37 0 0
Hey peoples, this idea comes off the back of a really weak Aussie in the last couple of days and I don't think the trend will reverse just yet until the US comes to a decision on interest rates. I playing a FIB short retrace with entries at the .5 and ideally the .618 levels as shown.

That's it basically SL at around .7525 as if it gets to that level the retrace play is over and perhaps the start of a small recovery from the Aussie but overall I would say this is going down to at least the lowest low shown here and further.

As always trade with caution and best of luck thanks guys also BTC tips greatly appreciate if this helps with direction etc thanks again
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