AUDUSD short (rejection of weekly m formation neckline)
Monthly:
- expecting deeper retracement into the monthly support
Weekly:
- over extended "M" formation
- test and possible rejection of neckline also a former support now resistance
Daily:
- marked up area of interest
4hr:
- entry on break and retest of structure
- confluence between 0.618 and 0.5 fib
- expecting deeper retracement into the monthly support
Weekly:
- over extended "M" formation
- test and possible rejection of neckline also a former support now resistance
Daily:
- marked up area of interest
4hr:
- entry on break and retest of structure
- confluence between 0.618 and 0.5 fib
Trade active