AUDUSD has made a retracement to the 618 Fib level within the daily channel. If price stays below the resistance level (0.618 Fib) then I will look to Sell with two profit targets in mind (see chart).
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However, If price breaks and closes above the resistance level (0.618 Fib), then i'll look for a buy signal to retest the top (still within the daily channel).
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This is not trading advice, so please trade at your own risk and complete your own analysis of the respective pair.
Goodluck traders!
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However, If price breaks and closes above the resistance level (0.618 Fib), then i'll look for a buy signal to retest the top (still within the daily channel).
.
.
This is not trading advice, so please trade at your own risk and complete your own analysis of the respective pair.
Goodluck traders!
Note
Trade active!
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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.
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.