Bearish Channel Resistance Bounce
I really like this setup because not only do i believe AUD is going to weaken a bit but i also believe USD may have held support and we could see a small rally, if not a bullish shift in momentum.
clean channel bounce creating a lower high after a new lower low was created.
tp1 first level of support
tp2 61.8 fib
tp3 2nd level of support
tp4 .7
clean channel bounce creating a lower high after a new lower low was created.
tp1 first level of support
tp2 61.8 fib
tp3 2nd level of support
tp4 .7
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