AUDUSD (Short)

9 thg 1, 2020

I'm back shorting the Aussie. There is no support on the 4hr fibonacci trend line which is why I got in. I'm planning on trading the pair down to the next fibo support at target price based on my new trading plan. One of the reasons i think this pair hasn't moved is that a lot of traders are getting in based on Elliot wave theory, as price is sitting at 61% on the retrace. With Non-farm payroll tomorrow, I'm hoping that during the Asian hours the market will move this pair before I need to get out at 1:30pm GMT.