Just doing some markups for the upcoming week, and here is a setup that has caught my attention.
I am looking to short AUDUSD at 0.64460. 3rd touch of the weekly trendline, along with the 61.8% fib. This should generate some pips.
Of course, nothing is certain in Forex, so if you decide to take this - risk accordingly.
What’s your stop loss and profit target?
Been on a sell on this one since last week, it’s not going well…
spot on mate
Nice confluence with the Fib and TL touch if price reacts as we anticipate. Cheers Petezaa
Have this marked up as well. Confluences on the TL and fib really helping to make this higher probability
Not sure about shorting it when i`m looking at my 1D chart.
