Description
⋅ Price stalled at the 200-4-hour moving average and the .75 level.
The R/R favors a short position, IMO.
My only hesitation are the two events that are tomorrow. The FOMC and the AUD employment report.
Might be a good spot to sell for a day trader, but my time frame is longer and I believe the risk is too great.
Agree/Disagree? Let me know in the comments below.