SmartTradingFX
Short

AUDUSD: Short Zone With A Potential Low Risk High Reward

FX:AUDUSD   Australian Dollar/U.S. Dollar
330 2 8
Analysis on chart!

Price looks like come market open it could be heading towards a previous zone where we had some selling pressure!

This could potentially form a double top where harmonic legs are also completing, along with some confluence in a 0.382 Fibonacci Retracement , 1.272 and 1.618 Extensions and a 1.618 Inversion!

If this were to be the case and price were to hold i would be looking at a fairly tight stop with two potential targets... The first back into the previous lows and the second a 0.618 Fibonacci Retracement of the last leg!

Continue to hit that like button and comment on my ideas, all constructive feedback is welcome!

SMART TRADING
ElsaEur
a year ago
is it still positive bearish?
Reply
ElsaEur
a year ago
is it still positive bearish?
Reply
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