FX:AUDUSD   Australian Dollar / U.S. Dollar
173 2 2
Looking to short AU after it rebounds off of the 50 EMA (aqua color line) & the Ichi Muku Cloud :)

TP at .75530, a level that has been tested as support once in March and 2x in April.
Potential 115 pips in profit. After which price action should rally back up.
RBA interest rate decision this week so be cautious. I'm expecting them to keep rates on hold so price "could" bounce off this week..just a thought...my approach to this for a quick trade would be to see a double bottom then enter at bar close. Stops just below structure low and initial targets at or around that 76700..just my thoughts
+1 Reply
jasenaura anthony.pham00
I agree that price will bounce back up after hitting support at around .75500. Thanks for the input Anthony!
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