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AUDUSD Potential for Bearish Drop | 6th December 2022

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
Looking at the H4 chart, my overall bias for AUDUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a pullback sell entry at 0.67711, where the 61.8% Fibonacci line is. Stop loss will be at 0.69161, where the previous swing high and 78.6% Fibonacci line is. Take profit will be at 0.65849, where the previous swing low and 38.2% Fibonacci line is.


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