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Australian Dollar / U.S. Dollar
Short

AUSUSD Short Trade

61

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

hcpa
FibonacciFibonacci RetracementOscillatorsrsi_overbought

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FibonacciFibonacci RetracementOscillatorsrsi_overbought
hcpa

Disclaimer

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.