AUDUSD daily chart short entry at structure

3 Nis 2016

Hi traders,

On this pair I am looking at a short entry around the 0.805 area.
My reasons for entry?

• Trend continuation
  
• Previous support & resistance
  
• 38.2% fib retracement on the weekly chart
  
• Trendline
  

Please check the charts in the comments aswell for a more clear view.

Entry: 0.8045
Stop: 0.812
Target 1: 0.76
Target 2: 0.7345

Best of luck!