AUDUSD Potential for Bearish Continuation
On the H4, with the price moving below the Ichimoku cloud and moving within the descending channel, we have a bearish bias that the price may drop to the sell entry at 0.67264, which is in line with the previous swing low. If the price can break this support level, the take profit could be at 0.66809, where the 61.8% Fibonacci projection and swing low are. Alternatively, the price may rise to the stop loss at 0.67770, where the 23.6% Fibonacci retracement and overlap resistance are. #OPINIONLEADER#
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
If you like, reward to support.
Hot
No comment on record. Start new comment.