AUDUSD pullback and sell setup
AUDUSD is giving us a small retracement for a sell setup. In long term trade we could approach 0.76 area but let's get more into this small intraday trade.
Sell would be around 0.79 area. Watch the fibo retracement and the breakout of the trendline.
We are expecting a flag there so it will go down fast. You could enter 10-15 pips lower than the breakout if you don't know how to trade breakouts.
TP1 would be near previous low at 0.78000
TP2 around 0.77500.
SL above 0.79250
Sell would be around 0.79 area. Watch the fibo retracement and the breakout of the trendline.
We are expecting a flag there so it will go down fast. You could enter 10-15 pips lower than the breakout if you don't know how to trade breakouts.
TP1 would be near previous low at 0.78000
TP2 around 0.77500.
SL above 0.79250
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