Jimi95

61.8% Retracement for AUDUSD

FX:AUDUSD   Australian Dollar/U.S. Dollar
65 0 1
Looks like a good old retracement to the 61.8.
Similar to the previous leg.
Monthly Kumo breakout so we're deep in a bearish trend overall. with price head for a monthly trend line 300 or so pips away.
Price should repeat the inner TL unless we see a break out the heading for the outer TL.
RSI positive divergence confirms the long sentiment, however, seeing as we're in a bearish trend , recommendation is to look for short entries.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out