Hello and good morning traders, hope everyone is having a great morning and getting ready for a big day trading.
Looking at the AUD/USD pair on the 4 hour time frame, we're trading a bearish trend continuation trade to the downside and with strong USD figures coming through, we're looking to line up with a good entry point around this area.
Targets and stops are set in place, but we can look for more potential downside after the 127% extension as we go ahead to manage this structure trade.