AUDUSD sell setup for next 6 weeks.236 retracement of weekly down AB Boundary
Bearish Shooting Star/ Pin Bar followed by Bearish Engulfing Candle
Target 1.618 Fib Extension
Stop15 pip above Previous High
BUT I WILL GO TO 1H AND 2H TIMEFRAME FOR SMALLER TRADE USING FIB, COUNTER TREND LINE BREAK, SUPPORT AND RESISTANCE AND PRICE ACTION
Trade active
I will adjust my trade base on today RBA Rate Decision! If RBA decides to cut rate to 1.5%, i will keep selling AUDUSD.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.