AU Is currently in a downtrend and has broken below the previous LL, I am anticipating price will pullback the resistance zone and show signs of rejection within that area. On the 4H timeframe I have connected my fib and I will be placing my trade on the 61.8 zone at the resistance area as indicated.
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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.