Audnzd opportunity! As we can see the market is bearish, we have seen a breakout of the trendline and a retest, the retest bounced of the fib level 50%, we only take trades based on 3 confirmations and the final confirmation would be the candle stick! If it gives us a rejection candle stick (price action) then we will be taking this trade to the downside around 80pips with a small SL at 25pips ... risk to reward around 1:3.
Confirmation 1 - breakout and a testers 2 - fib level 50% 3 - candle stick rejection (price action)