Hello all! Much love and respect to the fellow traders out there! The hustle is real and we out here getting it!
Anyways. Looking at aussie dollar short side set up. We've seen a nice re-tracement from the January swing hight to the March swing low. Weekly chart showing nice price action resistance at the 61.8% fib. Daily printed some nice price action as well that broke out of the trendline resistance. Price since has bounced off of that resistance and found a bit of support. 4 hrly Price action showed a pull back to the 50% fib but sellers quickly came in closing the 4hrly candle just at the 38.2% fib. Looking at this as a lower high and for further short side pressure down to the .62500 zone.
Smash the link button if you concur!!
Anyways. Looking at aussie dollar short side set up. We've seen a nice re-tracement from the January swing hight to the March swing low. Weekly chart showing nice price action resistance at the 61.8% fib. Daily printed some nice price action as well that broke out of the trendline resistance. Price since has bounced off of that resistance and found a bit of support. 4 hrly Price action showed a pull back to the 50% fib but sellers quickly came in closing the 4hrly candle just at the 38.2% fib. Looking at this as a lower high and for further short side pressure down to the .62500 zone.
Smash the link button if you concur!!