AUDUSD reached major resistance zone, which is also our daily 0.618 fib level.
Daily and weekly we´re in a downtrend and there´s a highly respected bearish trend line.
Target is 0.236 fib level.
Risk Reward ratio is good (risk 1 get 2.5)
Enter with low risk or wait for a break of the turquoise trend line to get an even more secure entry.
Daily and weekly we´re in a downtrend and there´s a highly respected bearish trend line.
Target is 0.236 fib level.
Risk Reward ratio is good (risk 1 get 2.5)
Enter with low risk or wait for a break of the turquoise trend line to get an even more secure entry.