AUDUSD possible short, AUD weakness.The AUDUSD market is showing signs of weakness (in favor of the USD) after NFP news on Friday. Thursday reversal in London (as shown in the hourly chart) was a clear manipulation move taking the buy side liquidity from the Asian session. The daily is showing a bearish bias, breaching recent swing lows. We also can see that the swing lows from 11/2 and 12/7, were breached.
The trade setup is to wait for a possible retracement towards the 0.618 or 0.786 Fib levels from the measurement of the impulse in the 1H after the NFP. Ideally, this setup will form either during the London or NY session for a possible move lower and continuation of the bearish bias. Initial target would be lows of Friday or lower low after a possible run of the liquidity below Friday's lows.
This is a trade idea, for information purposes only. Trade at your own risk. If you decide to follow this idea, position yourself following your risk management plan.
