AUDUSD 4H Short Bias....
What are we expecting?
- USD Strength -AUD weakness = AUDUSD Short Trades.
What is our confirmation?
- Price to retrace into our two selected FIB Levels Highlighted 0.50% & 0.32% and also see some form of wick rejections for confluence.
- DXY Strength
Where shall we enter?
- We can enter a safe position once we see price action turn bearish and also the added confirmation on the DXY INDEX as this will confirm our bias is correct.
Once entered where will our SL BE?
- SL will be above fib levels & market structure zone if we see the rejections in place for a safe SL
Targets?
- Low Blue Structure Zones for Targets
What are we expecting?
- USD Strength -AUD weakness = AUDUSD Short Trades.
What is our confirmation?
- Price to retrace into our two selected FIB Levels Highlighted 0.50% & 0.32% and also see some form of wick rejections for confluence.
- DXY Strength
Where shall we enter?
- We can enter a safe position once we see price action turn bearish and also the added confirmation on the DXY INDEX as this will confirm our bias is correct.
Once entered where will our SL BE?
- SL will be above fib levels & market structure zone if we see the rejections in place for a safe SL
Targets?
- Low Blue Structure Zones for Targets