We have a great potential short set up for AUD/USD...
We have a 50% fib rejection, which also corresponds with a 200EMA rejection and a daily TL rejection to add confluence to this move.
Also, we have a 2H MA crossover and the 4H MA are looking like they are about to cross to the downside too.
I am waiting for a CTL break before entering to make this set up valid to my trading criteria and have a target of +230pips.
Target: 0.7614 at -27% fib level.
A break to the upside above the TL would invalidate this setup.
We have a 50% fib rejection, which also corresponds with a 200EMA rejection and a daily TL rejection to add confluence to this move.
Also, we have a 2H MA crossover and the 4H MA are looking like they are about to cross to the downside too.
I am waiting for a CTL break before entering to make this set up valid to my trading criteria and have a target of +230pips.
Target: 0.7614 at -27% fib level.
A break to the upside above the TL would invalidate this setup.