AUDUSD Short
Bearish Daily structure is being maintained.
5 Hour structure is bearish
Support and structure has been broken on the lower timeframes
Projected TP 1 is the -27.2% fib from the 5 hour timeframe which lines up with Daily support
--- This is a second entry opportunity. The 1st entry opportunity for a short was at the .7550 level after 4H resistance was rejected multiple times and structure formed a double top based on 5H structure. This is an excellent risk / reward opportunity, over 5 to 1.
5 Hour structure is bearish
Support and structure has been broken on the lower timeframes
Projected TP 1 is the -27.2% fib from the 5 hour timeframe which lines up with Daily support
--- This is a second entry opportunity. The 1st entry opportunity for a short was at the .7550 level after 4H resistance was rejected multiple times and structure formed a double top based on 5H structure. This is an excellent risk / reward opportunity, over 5 to 1.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.