Plan to short AUDUSD after it has retraced back to 0.7763-0.7768. Traders can plan for an extended target if you are looking at a lower level.
As it is a bearish trend and October is a trending market to me, I will not be engaging the counter trade for this.
However, counter-trend trader can wait for a retest at 0.7690 for a potential counter-trend trade.
You may want to have a tight Stop-Loss at 0.7675
As it is a bearish trend and October is a trending market to me, I will not be engaging the counter trade for this.
However, counter-trend trader can wait for a retest at 0.7690 for a potential counter-trend trade.
You may want to have a tight Stop-Loss at 0.7675
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