AUDNZD-Sale OpportunityAUDNZD Sell Setup – Fibonacci Retracement Strategy
🕒 Timeframe:
4H or Daily (adjust based on your trading style)
📍 Key Levels:
Swing High: Recent high (e.g., 1.0940 area)
Swing Low: Recent low (e.g., 1.0700 area)
Use the Fibonacci retracement tool on TradingView:
Draw from the Swing High to the Swing Low.
Mark the key Fibonacci levels:
0.382 (~1.0795)
0.5 (~1.0820)
0.618 (~1.0845)
🔍 Entry Idea:
Sell Zone: Between 0.5 and 0.618 retracement (1.0820–1.0845)
Look for a bearish candlestick pattern or rejection wicks at these levels.
🎯 Targets:
TP1: Previous swing low (~1.0700)
TP2: Extension to 1.618 level (~1.0620)
🛑 Stop Loss:
Above the swing high or above 0.786 retracement level (~1.0880)
✅ Confluence:
Bearish trend or break in structure
RSI divergence or overbought on H4
Bearish price action at Fib level
