#AUDUSD 30min Short Opportunity (Structure retest, fib)
@TradeYodha
TradeYodha.com
AUDUSD Short Opportunity
1. 38.2 retracement level confluences with retest structure
2. FIB extension 161.8
3. 50 SMA in the region
4. RSI divergence showing a possible upside
There is a descending triangle formation which is usually bearish. So I have low level confidence in this trade.
Hope this give you some useful ideas, don't forget to hit the like button :) Thanks
Remember- Plan your battle well in advance and win.
TradeYodha.com
AUDUSD Short Opportunity
1. 38.2 retracement level confluences with retest structure
2. FIB extension 161.8
3. 50 SMA in the region
4. RSI divergence showing a possible upside
There is a descending triangle formation which is usually bearish. So I have low level confidence in this trade.
Hope this give you some useful ideas, don't forget to hit the like button :) Thanks
Remember- Plan your battle well in advance and win.