AUDUSD Short Idea
Price action for AU has been majorly bearish on larger time-frames so we will look to short in favor of the trend
Current price action has rejected the 50% fib level & key resistance around 0.688 the current pattern looks a lot like a head & shoulders pattern as well
Upon enough confirmation we will look to short and target the monthly support and -27% 4hour fib around 0.66- 0.657
Price action for AU has been majorly bearish on larger time-frames so we will look to short in favor of the trend
Current price action has rejected the 50% fib level & key resistance around 0.688 the current pattern looks a lot like a head & shoulders pattern as well
Upon enough confirmation we will look to short and target the monthly support and -27% 4hour fib around 0.66- 0.657