AUD/USD Short Position (G formation)
In a short position on this pair currently looking to take half profit at the 38.2% fib retracement and looking to hold till the 61.8% level. If it breaks and retests under the 61.8% we will look for a deep retracement and correction. Risk is at 2% on this trade.
This market could still see some bullish movement to the opposing side to create a double top where we would be looking to sell once more unless the market breaks and retests above the next ceiling at 0.75555. In that case, we would look to go long.
Cheers,
Vinny
This market could still see some bullish movement to the opposing side to create a double top where we would be looking to sell once more unless the market breaks and retests above the next ceiling at 0.75555. In that case, we would look to go long.
Cheers,
Vinny
Trade closed: target reached:
Trade achieved the target. Will be looking for more setups soon on this pair.