@TradeYodha
TradeYodha.com
AUDUSD Short Opportunity
1. 38.2 retracement level confluences with retest structure
2. FIB extension 161.8
3. 50 SMA in the region
4. RSI divergence showing a possible upside
There is a descending triangle formation which is usually bearish. So I have low level confidence in this trade.
Hope this give you some useful ideas, don't...