AUD/USD Short Opportunity: Targeting Retracement
We look to Sell at0.
Planning to enter a short position on AUD/USD at 0.668, where the price action is showing signs of resistance and the market conditions indicate overbought levels.
This strategic entry is aimed at capitalizing on the expected downward correction. The target for this trade is set at the 61.8% Fibonacci level at 0.6558, aligning with a key retracement area that could offer significant profit potential. Monitoring the market closely for optimal entry as we anticipate selling into the upcoming rallies.
Planning to enter a short position on AUD/USD at 0.668, where the price action is showing signs of resistance and the market conditions indicate overbought levels.
This strategic entry is aimed at capitalizing on the expected downward correction. The target for this trade is set at the 61.8% Fibonacci level at 0.6558, aligning with a key retracement area that could offer significant profit potential. Monitoring the market closely for optimal entry as we anticipate selling into the upcoming rallies.
Trade active:
Here we go!!
Comment:
There was a typo, taking a sell at 0.6690 zone