Note

AUDUSD Potential for Bearish Drop to intermediate support

· Views 150
AUDUSD Potential for Bearish Drop to intermediate support

Looking at the H4 chart, my overall bias for AUDUSD is bearish due to the current price being below the Ichimoku cloud, Looking for a sell entry at 0.68610 where the overlap support and the recent swing low. We are looking to take profit at 0.66573, where the intermediate support is and 50% Fibonacci line. Stop loss will be placed at 0.69591, where just above the 23.6% Fibonacci retracement is. #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.
avatar

Hot

No comment on record. Start new comment.