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cupofconfidence
Sep 25, 2021 6:33 PM

AUDUSD: SELL Short

AUD/USDOANDA

Description

Based on our fundamental analysis of Risk-On behavior in this season, we are seeing a potential sell opportunity on AUDUSD. Based off the weekly, daily and H4 time frames, we are seeing a continuation of bearish activity. Therefore, drawing a fib on the H4 chart, we see a possible entry for next week right between 38.2 and 6.18 (possible reversal). Expect to take profit around the 161.8 level of the fib if you execute on this idea.
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