AUD/USD A Potential Drop Towards the 0.7645 Mark 🔨🔨🔨
💡 Trade Idea
📉 Sell Limit AUD/USD @ 0.7733
🎯 Target Profit 0.7645
🛑 Stop Loss 0.7777
❌ Do not risk more than 1 % of your account on each trade
🙂 Good Luck !
Description:
The price has been trading inside a bullish channel and succeeded to break it to the downside. A double top has been noticed near the daily resistance (0.7760) which indicates a potential reversal to the downside. Our expectation is a slight correction to the upside towards the 50% Fibonacci pullback (0.7732) and then a drop downward to the 0.7645 mark.
📉 Sell Limit AUD/USD @ 0.7733
🎯 Target Profit 0.7645
🛑 Stop Loss 0.7777
❌ Do not risk more than 1 % of your account on each trade
🙂 Good Luck !
Description:
The price has been trading inside a bullish channel and succeeded to break it to the downside. A double top has been noticed near the daily resistance (0.7760) which indicates a potential reversal to the downside. Our expectation is a slight correction to the upside towards the 50% Fibonacci pullback (0.7732) and then a drop downward to the 0.7645 mark.
