TradeYodha
Short

#AUDUSD 30min Short Opportunity (Structure retest, fib)

FX:AUDUSD   Australian Dollar/U.S. Dollar
@TradeYodha
TradeYodha.com

AUDUSD             Short Opportunity

1. 38.2 retracement level confluences with retest structure
2. FIB extension 161.8
3. 50 SMA in the region
4. RSI divergence showing a possible upside

There is a descending triangle formation which is usually bearish . So I have low level confidence in this trade.

Hope this give you some useful ideas, don't forget to hit the like button :) Thanks

Remember- Plan your battle well in advance and win.
we may still have the short opportunity in that zone
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descending triangle broke
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