FX:AUDUSD   Australian Dollar / U.S. Dollar
Looking short on this pair, we can see some bullish movements on the smaller time frames with upside targets of 0.7500 then look for a possible short from 0.75500. We have a weekly Trend line bounce (Price Rejection). We have a possible bullish harmonic forming (if our second target has been met then the harmonic will be complete providing us with a potential long setup). Depending on your trading and money risk management strategy you can either enter a Sell limit order at 0.75500 or set up an order on the break below the trend line once PA is confirmed. We have two downside targets being 0.72250 then 0.6900. Once each target has been met we must re analyse to distinguish if our next target is still valid; we can then manage our trades accordingly.



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