AUDUSD - we saw a test of the lows around 0.70 then bounced back up to 0.7133 . We are fast approaching the 0.7140 downward trend line and sell zone.
We could head past the trend line in the short term with all the current swings we are experiencing and I will therefore sell another clip around 0.7175 if we get there.
However, if we do manage to stay below...
I am demo trading and documenting my progress. This is not intended to be a buy signal !
Ascending Trendline Structure on 4H
Possible Retest of 4H Support - BUY To 4H Trend Line Structure
Buy Limit - 0.70040
SL - 0.6979
TP - 0.7069
Second Position - Buy Stop - Dependant Upon Market Structure At That Point
SL - 0.70450
TP - 0.71360