Description
⋅ Momentum looks to be slowing on AUDUSD with price trying to roll over at this level.
1hr timeframe made a nice lower high and resistance at 0.68850 has held strong again. Multiple daily wick rejection candles formed last week.
If this bottom TL breaks then new lower lows will be made.
Trade active
⋅ Comment
⋅ Stop loss moved to risk free. I am planning on holding this trade to a longer term target of 0.67000
Comment
⋅ Scaling In: I will look to add an extra short position on the pullback and retest of the 1hr 50ema.
Comment
⋅ Daily timeframe looking very bearish. Still holding