AUDUSD - Fake Breakout ❌️
Updated
Hello Traders,
By looking at AUDUSD, We can see that the price is moving in a corrective way which means that the bearish move hasn't finished yet.
SHORT Entry:
We are breaking now the ascending blue trendline. If interested in shorting, your stoploss should go above the recent highs or above the 50 Fibonacci level targeting the grey zone and -0.27 level.
By looking at AUDUSD, We can see that the price is moving in a corrective way which means that the bearish move hasn't finished yet.
SHORT Entry:
We are breaking now the ascending blue trendline. If interested in shorting, your stoploss should go above the recent highs or above the 50 Fibonacci level targeting the grey zone and -0.27 level.
Note
AUDUSD 1H - Wait for 1H candle to close below the blue trendline Trade closed: target reached
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