POTENTIAL SELL-OFF ON AUDUSD @ 0.7690 AND 0.7802
The Aussie has been falling for a long while. The sharp drop at 0.7690 tells us that there could be a move lower from this area. A possible target for this trend trade is 0.7640.
EP: ~0.76900
SL: ~0.77000
TP: ~0.76400
R/R: 5:1
Higher up from this area is a H4 supply area where prices fell sharply. Prices rallied back up but failed to reach the zone before falling again. It is possible that, on returning to this zone, prices fall to 0.7750.
EP: ~0.78020
SL: ~0.78150
TP: ~0.77500
R/R: 3.5:1
EP: ~0.76900
SL: ~0.77000
TP: ~0.76400
R/R: 5:1
Higher up from this area is a H4 supply area where prices fell sharply. Prices rallied back up but failed to reach the zone before falling again. It is possible that, on returning to this zone, prices fall to 0.7750.
EP: ~0.78020
SL: ~0.78150
TP: ~0.77500
R/R: 3.5:1
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