AUD/USD SHORT

25 Şub 2022

AUDUSD

I've been watching AUD/USD pair for quite a while now. Here are my reasons on AUD/USD short :
- H4 chart bullish trend had been broken down and currently having a pullback to the upper side
- Fibonacci in H4 confirmed the resistance at 0.786 level and should be dropping to 0.382 level
- Resistance can be clearly seen on the H1 chart @0.72377 (Currently struggling to break , ADX below 20)
- D1, weekly, and monthly charts are overall bearish
- Fundamentally USD is getting stronger because of the war situation

Here's a reasonable entry and exit based on Fibonacci retracement:
Entry : 0.72340
TP : 0.71679
Stop Loss : 0.72854

Please mind your broker's spread and your money management.

25 Şub 2022

İşlem aktif

28 Şub 2022

İşlem kapandı: hedefe ulaştı

TP REACHED @0.71679