AUD/USD A Potential Drop Towards the 0.7645 Mark ๐จ๐จ๐จ
๐ก Trade Idea
๐ Sell Limit AUD/USD @ 0.7733
๐ฏ Target Profit 0.7645
๐ Stop Loss 0.7777
โ Do not risk more than 1 % of your account on each trade
๐ Good Luck !
Description:
The price has been trading inside a bullish channel and succeeded to break it to the downside. A double top has been noticed near the daily resistance (0.7760) which indicates a potential reversal to the downside. Our expectation is a slight correction to the upside towards the 50% Fibonacci pullback (0.7732) and then a drop downward to the 0.7645 mark.
๐ Sell Limit AUD/USD @ 0.7733
๐ฏ Target Profit 0.7645
๐ Stop Loss 0.7777
โ Do not risk more than 1 % of your account on each trade
๐ Good Luck !
Description:
The price has been trading inside a bullish channel and succeeded to break it to the downside. A double top has been noticed near the daily resistance (0.7760) which indicates a potential reversal to the downside. Our expectation is a slight correction to the upside towards the 50% Fibonacci pullback (0.7732) and then a drop downward to the 0.7645 mark.
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