Price bounce to the major resistance zone and it kept being rejected. Before I short AUDUSD I will wait for the price to fall back into the weekly and 4H downtrend channels and below the 2H uptrend channel making a breakthrough the minor support at the price of 0.70033 where I will look for possible short price. My main take profit target at 0.68413 and stop loss at 0.70763. A risk ratio of 1:2. Let me know what you think about AUDUSD.
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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.