Get started
Magnatrio

AUDUSD Swing Idea

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
Magnatrio  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis AUDUSD audusdshort audusdanalysis audusdsignal audusdidea audusdsetup audusdtradeidea
1
0
trendanalysis chartpattern beyondta audusd audusdshort audusdanalysis audusdsignal audusdidea audusdsetup audusdtradeidea
Our mirror line (orange) clearly shows us that price has been in replica. Price is currently creating a rising wedge towards the 61.8 Fibbo line and our trendline. I am anticipating a third touch of our trendline, followed by a drop. Price has already rejected at the 61.8 and may still drop anytime now. A clear break and close below the wedge will trigger short positions and my target profit will be the -27 extension, which is very close to our next key level.

*Disclaimer*
This is not financial advice. Forex trading is a risky business. Exercise proper risk management.
#TradeLikeMagnatrio
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.