AUSUSD Short Trade
Indicators:
- Stoch RSI overbought on weekly and Monthly charts
- Current price is @ 61.8 Fib level from the previous high on Monthly chart
Trade setup:
- Entry at current level @ 0.73200
- Stop loss @ 0.74200 = 1.17% loss
- Take profit @ 0.63 which is around 61.8 Fib retracement level from current prices = 13.90% gain
- Trailing stop of 150 pips monitoring required
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