We can see gold lining up nicely with our 4hr 50 EMA, as well as our 38.2 fib retracement level. Looking for a sell around 1513-1517. I will keep selling as long as gold is under 1535. What do you think?
TP 1 1500
TP 2 1490
TP 3 1480
Using top down analysis, we can clearly see that AUD/USD is BEARISH. The monthly, weekly, and daily candlesticks have printed bearish candles.
These are the 5 confluences I've seen to place a sell on the smaller timeframes
4HR 38.2 FIB REJECTION
3RD TOUCH 1HR TRENDLINE
38.2 LARGER 1HR FIB
50.0 SMALLER 1HR FIB
1HR EMA RETEST
SELL AT 0.67600 - 0.67650 | STOP LOSS...