AUDUSD Swing Idea
Our mirror line (orange) clearly shows us that price has been in replica. Price is currently creating a rising wedge towards the 61.8 Fibbo line and our trendline. I am anticipating a third touch of our trendline, followed by a drop. Price has already rejected at the 61.8 and may still drop anytime now. A clear break and close below the wedge will trigger short positions and my target profit will be the -27 extension, which is very close to our next key level.
*Disclaimer*
This is not financial advice. Forex trading is a risky business. Exercise proper risk management.
#TradeLikeMagnatrio
*Disclaimer*
This is not financial advice. Forex trading is a risky business. Exercise proper risk management.
#TradeLikeMagnatrio
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.