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TomFarren

AUD/USD

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
TomFarren Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Support and Resistance Supply and Demand Fibonacci AUDUSD aussie Forex short fx audusdshort tomfarren
4
0
supportandresistance supplyanddemand fibonacci audusd aussie forex short fx audusdshort tomfarren
Stopped out on the previous two trades. Going in again because downside potential is strong. Tight stop loss, big reward.

Double Trendline retest, 78.6% Fib.

Great risk/reward - 4.62/1

snapshot
Trade closed: stop reached:
Stop loss hit. Downside momentum still looks strong. May consider re-entering at 0.71750 with the same target in mind.
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