"Trade Idea on AUDUSD" Short Setup by ThinkingAntsOk
Updated
1H Chart Explanation
- Price bounced on the Support Zone and broke the Descending Trendline.
- It is currently on a Bullish Corrective Structure.
- If price breaks it, it has potential to move up towards the Fibo Levels.
We set the trade with:
+ an Entry Price on 0,69362;
+ a Stop Loss on 0,69213;
+ Target 1 on 0,69536;
+ Target 2 on 0,69731.
You can check our Top And Bottom Analysis on AUDUSD on the Related Ideas.
- Price bounced on the Support Zone and broke the Descending Trendline.
- It is currently on a Bullish Corrective Structure.
- If price breaks it, it has potential to move up towards the Fibo Levels.
We set the trade with:
+ an Entry Price on 0,69362;
+ a Stop Loss on 0,69213;
+ Target 1 on 0,69536;
+ Target 2 on 0,69731.
You can check our Top And Bottom Analysis on AUDUSD on the Related Ideas.
Comment
The title of the post was wrong, it is a Long Setup.
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