AUDUSD short opportunity (swing setup). Share your thought below
In this trade ill wait for a reversal candle stick patter or break of that black trendline, the arrows are indicating that price might go up abit to hit 78.6fib level then drop.
Here's the analysis briefly
1.Price formed a berish divergence and started dropping
2. Price just pulled back to the previous level of resistance
3.Its at 61.8 fib level which is around the resistance level
4.its at level 2 of Market Maker Method which implies there should be a drop
5. Theres more but this are the key point
Here's the analysis briefly
1.Price formed a berish divergence and started dropping
2. Price just pulled back to the previous level of resistance
3.Its at 61.8 fib level which is around the resistance level
4.its at level 2 of Market Maker Method which implies there should be a drop
5. Theres more but this are the key point