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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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.