AUDUSD [SELL] Opportunity
Updated
As per my analysis:
>>>Price is currently trading around monthly TL & 50% fib level
>>> I expect AUDUSD to drop to my monthly structure in purple.
>>>This drop will also be a retest of the 23.6% fib level.
>>> Monthly & weekly chart shows a clear potential of an inverse H&S formation(right shoulder pending)
Trade with precision & Certainty.
>>>Price is currently trading around monthly TL & 50% fib level
>>> I expect AUDUSD to drop to my monthly structure in purple.
>>>This drop will also be a retest of the 23.6% fib level.
>>> Monthly & weekly chart shows a clear potential of an inverse H&S formation(right shoulder pending)
Trade with precision & Certainty.
Note
Just a thumbs up, be careful when taking sell positions because we have 2 interesting levels @ 0.69369 and 0.68938. These two levels act as support therefore price can easily bounce off this level.
If you're unsure as to when to enter into a sell trade, wait for a break & retest of these levels.
***Thought I'd just add a bit of extra info on this analysis***
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