AUDUSD short 4H

28 Oca 2021

lots of colours and lines here making it seem a bit confusing. Basically we have:

• A broken uptrend
  A retest of this uptrend
  A break of support
  A retest of support
  Retest lines up with the 50% level on the FIB
  

The way everything is adding up I could see this being the halt of the AU uptrend

28 Oca 2021

Not

I forgot to mention that we are also seeing a series of lower highs as seen with the red trend line.

I'll be dropping down to the 15m timeframe to look for possible entrees at the 50% mark. If it fails to meet me expectations I'll more than likely be looking at the 78.6% region as the red trend line runs through nicely if you extend it.

will update on entry and closing shortly!