AUDUSD SHORT for FX:AUDUSD by PriceActionTrading

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MAIN TREND IS STILL BEARISH . PRICE HAS RETRACED TO PREVIOUS SWING POINTS.
ADVISE SELL NOW FOR 100 PIPS PROFIT. STOP LOSS AT 0.8240. CLOSE POSITION ONLY IF H4 CLOSES ABOVE 0.8240.

Comments

STEEP DROP IN PRICE. WAIT PATIENTLY. TARGET CAN STILL BE ACHIEVED. ONLY CLOSE OUT YOUR POSITION IF H4 MANAGES TO CLOSE ABOVE 0.8160.
AIM TO CLOSE OUT ALL OF YOUR POSITION AT 0.8110. NOT WORTH BEING GREEDY HOPING FOR IT TO GO LOWER. 0.8110 IS ALREADY A KEY LONG TERM SUPPORT LEVEL.