AUDUSD SHORT SET-UP

17 set 2021

Looking at the overall price action in the past two weeks we can see a strong rally to the downside. The bullish market structure has already been broken with today’s close. This paves way for a short-term sell to 0.71057 as there’s a path of least resistance, my entry plan is to look for a Pull back on the lower timeframe(15-min) using the fib. Ratio 0.618 preferably with stops above structure