AUDUSD Daily Analysis 3/15/20
AUDUSD Short Idea
We’re still looking very bearish on this pair but we are currently waiting for a setup to form.
Right now we are a bit over extended, ideally a pullback to a key prz level would be the first of potential confirmations
I’ll be looking for a retrace to the 61.8% or 38.2% fib level followed by 4hr candle setups that strongly support the short trade idea
Look to target lower toward negative fib levels and major support levels
We’re still looking very bearish on this pair but we are currently waiting for a setup to form.
Right now we are a bit over extended, ideally a pullback to a key prz level would be the first of potential confirmations
I’ll be looking for a retrace to the 61.8% or 38.2% fib level followed by 4hr candle setups that strongly support the short trade idea
Look to target lower toward negative fib levels and major support levels
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