AUDUSD Short Idea
If we take a look at the higher time-frames we can see that this pair has been in a strong bearish trend and has recently continued this trend after the daily 38.2% fib level was rejected around 0.68300
Our next level of support around 0.67750 is minor and if broken we will look for entries after a retest and strong bearish setups present themselves.
We’re looking to target toward the daily 0% fib level around 0.66700 and even lower toward the -27% fib level around 0.66000
If we take a look at the higher time-frames we can see that this pair has been in a strong bearish trend and has recently continued this trend after the daily 38.2% fib level was rejected around 0.68300
Our next level of support around 0.67750 is minor and if broken we will look for entries after a retest and strong bearish setups present themselves.
We’re looking to target toward the daily 0% fib level around 0.66700 and even lower toward the -27% fib level around 0.66000