AUDUSD Short (15m/3m)
The fundaments for today are in line with a short position on this pair. The state of the market on the 1H was a range, but the price broke this range. Price broke the lowest price of yesterday's New York session with 40%. This breach has a fibonacci pullback of 61,8%. on the 3m chart there's a v-formation with several test and buyers getting weak.
Trade active
Entry price: 0.75233Stops: 0.75343
Target: 0.74614
Trade closed: stop reached
Stop loss hit. Buyers still strong. If price goes near the 78,6% fibonacci retracement and the buyers are getting weak, new opportunity to short. But for now we wait.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.