amanpaulbhogal
Short

Short entry on AUD/USD

FX:AUDUSD   Australian Dollar/U.S. Dollar
Upon producing a new low price has shown bearish continuation than a bullish turnout that was outlined in my previous post. A pull back into the 20 ema , falling trend line and 0.618 Fibonacci level, and closing as a high test shows further downside to follow in price action.

Bullish divergence , a visible caveat, however, is suggestive of possible further bullish momentum.

entry - below low of high test bar
stop loss - above high of high test bar
target - most recent low or lower
Trade closed: stop reached
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