Australian Dollar / U.S. Dollar
Short
Updated

AUDUSD short -- 3H timeframe -- RSI and 61.8 Fibonacci

98
Negative deflation factors mean lower commodity prices, risk assets, and Aussie is exposed to housing price collapse, banking sector pin-prick to the bubble, and general recessionary effects coming.

Retest of lows expected.

Price: 0.6236

Stop: 0.6270
TP1: 0.6100
TP2: 0.5800
Trade closed: stop reached
will re-enter soon
Trade active
re-entered short from original idea.

Price: 0.6445

Stop: 0.6500
TP1: 0.6270
TP2: 0.6100

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