FX:AUDUSD Australian Dollar/U.S. Dollar
There is a potential short setup on AUDUSD . Price has completed Fib. retracement on 0.382 level & tends to indicate a trend continuation trade. Our next target TP is on 0.6975 (+90 Pips). SL is put just above the 0.382 Fibs, our risk reward ratio is 1: 4.
Trade active: Trade is still active. Price is down +20 Pips from Short entry. we could move the SL to Breakeven point & reduce the risk to 0%, just in case price breakout high . If price continue moves lower then, we're just follow this trade until we hit the Target guys.