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VantageMarkets
Feb 7, 2023 11:00 PM

AUDUSD Potential for Bearish Drop towards overlap support Short

Australian Dollar/U.S. DollarFXCM

Description

Looking at the H4 chart, my overall bias for AUDUSD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a pullback sell entry at 0.70159, where the overlap resistance and 50% Fibonacci line is. Stop loss will be at 0.71577, where the recent swing high is. Take profit will be at 0.68660, where the overlap support is.


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Comments
UnitedSignals
Thank you for your work
ProjectSyndicate
superb overview and high quality charting
UnknownUnicorn493766
Late to the sell entry here.
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