Price just rejected resistance between 0.745 - 0.742 and make pin bar on H4 chart.
There is also 0.236 fibo retracement.
Aussie is on bearish chanel from January in my opinion this down trend will not stop untill the price reach support on 0.72.
I decide to go short now.
R/r = 1:1.3
Entry: 0.7384
SL:0.752
TP:0.72
There is also 0.236 fibo retracement.
Aussie is on bearish chanel from January in my opinion this down trend will not stop untill the price reach support on 0.72.
I decide to go short now.
R/r = 1:1.3
Entry: 0.7384
SL:0.752
TP:0.72
After long consolidation I decide to make another one postion on this trade.