AUDUSD Short on Structure, Fib and Trendline.

Weak economic data and no rate changes imminent. The RBA intends to keep the AUD weak in order to boost the economy.
We can look for short opportunities in the AUDUSD pair.

We can place a short order at the .618 retracement and trend line levels. This structure also worked before in the past.

We will aim for a 2:1 RR and beyond. Good luck!

Trade active:

Trade is active!

Trade closed: stop reached:

Jk, it is not :(