XAO - short the bounce

Markets are in distress presently with the US - China trade war.....

All markets will be effected as these two giant economies strand off...

Looking for a short on the Aussie index after a bounce...

Entry - defined by the 50 MAV and a potential .50 fib retracement region.

Target - 200 MAV = representing long term fair value for this index

Stop - above the swing high , and all time high for this index

Risk Reward = 2.