AUDUSD short, end of bounce and back into low trend
finished an Elliott ABCDE
bounced back to mid line of channel
Stochastic RSI 60' confirms retracing back into lower trend
risk/reward 2.8
ENTRY 0.7581
TARGET 0.7520
target is crossing point between lower line of descending channel and trend line
todays USD data/news should push USD up again
bounced back to mid line of channel
Stochastic RSI 60' confirms retracing back into lower trend
risk/reward 2.8
ENTRY 0.7581
TARGET 0.7520
target is crossing point between lower line of descending channel and trend line
todays USD data/news should push USD up again