AUDUSD Broke ascending trendline and rejected off of the 38.2% Fib retracement level. It also broke the daily support of 1.7200 level and currently retested on H1. I'm expecting a short from current price range of 1.7200 to 0.6930 level which is also the -27% Fib level. Lets see how this plays out.
Trade active
Trade is currently up 20 pips. Close partials and move stop to break even.Note
Forgot to update. My stop loss for that trade was 15pips @ 1.7350 . Jist noticed its a 6pips stop loss here. Lol.Note
If you followed the trade, you would have hit final target at 0.693 easy with one Break even and reentry.
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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.