Forex Positive
Short

AUDUSD scenario #1. Short if bounce up from 0.9200 support

FX:AUDUSD   Australian Dollar/U.S. Dollar
Scenario #1 if AUDUSD             bounce up from 0.9200 support

AUDUSD             short on rally

Strong support zone at 0.9200. If 0.9200 support level holds, and AUDUSD             rallies upward to 0.9330-40, look to enter short positions here. 0.9330-40 is a resistance zone & 61.8% FIB retracement.

Short 0.9330-40
SL 40-50pips
TP 0.9200
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