FXT_TL

AUD/USD SHORT position ready to trade

Short
CAPITALCOM:AUDUSD   Australian Dollar / U.S. Dollar
Hey traders,

Here we are looking for a beautifull set-up wich has a 1:7 risk/reward potential.
After an impulse to the downside we saw a correction with waves.
Indicators are showing us that the buying pressure is getting limited and we should see the next move down.
Entering on the retest of the counter-trendline wich aligns with the fib levels should make this work.

Kind regards,

Tim.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.