Possible short entry on AUDUSD

FX:AUDUSD   Australian Dollar / U.S. Dollar
78 0 11
Good risk reward possible short entry

50% retracement of last major move down
61.8% retracement of the latest move down
Touching trend line of correction
Head and Shoulders within correction

We never know for certain but this could be enough to suggest a good risk reward short.
Of course it could go north one more time with in the trend

Please "like" if you agree or if this helps with your own analysis

Good luck
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