AUDUSD bearish scenario (SELL IDEA)

FX:AUDUSD   Australian Dollar / U.S. Dollar
We will be looking for sell continuations on upon 1h candle confirmation at the 61.8% retracement level, which is doubling at the previous supply zone area.

Stops will be placed just above the zone (15-20 pips), with 1:4 possible RR.

On the 4h, we see AUDUSD hitting and bouncing off the upper trendline of the channel, indicating the beginning of a strong bearish pressure.

Please drop a like if you see potential in this setup!

Always trade responsibly and with appropriate risk management.

Happy Friday and happy trading!!!


I performed a breakdown on au as well
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