PAIR: AUD/USD
POSITION: SHORT
ENTRY POINT: 1.02200
STOP LOSS: 1.03300
PROFIT TARGET: 1.00900
REWARD RISK RATIO: 1:1.3
RISK PERCENTAGE: 1%
INDICATOR USED: EMA 50, FIBO
TRADE RATIONAL: EMA 50 Line have previously held as the resistance level on the 4hr chart & overall it is a downtrend for 2 weeks already.