AlgoVenture

AUDUSD - Back To Higher Portion of Range

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD has been trading within an 8-week range between 0.75 and 0.73.
The price has rebounded off from a bottom of a symmetrical triangle and price has returned to 0.74.
Thus within this particular range, any price within 0.75 - 0.74 will give an opportunity to sell.
Wait for the price to retrace a little higher into the supply zone, nearer to the top of the symmetrical triangle and just above AD0.618 of the Gartley formation.
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