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Possible short on AUDUSD

Penjualan
Dollar Australia / Dollar AS (FX:AUDUSD)  
mybetkay  
FX:AUDUSD   Dollar Australia / Dollar AS
Trend Analysis AUDUSD audusdtrade
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trendanalysis audusd audusdtrade
Price hit resistance level on the daily TF that was last hit in April 2016. If you scale down to the 4H TF, Price bounced off the RSI three times before crossing down. If RSI closes below the trendline, we have a chance of shorting. The resistance and support lines are based on the Daily TF.

Possible target can be at the 0.5 fib level or 0.77007

This is for educational purposes only
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