(Fundamental Perspective) Big Banks are gradually Closing their Short Position on AUD From March but in the last few weeks they are CLOSING LONG Postion in a big ammount, there's a Bearish Opportunity on AUD for Shortterm.
(Technical Analysis) (Scenario 1) - Wait for Price Action on 0.618 RED, if Bearish candle confirm you can open Short Around it
(Scenario 2) - Wait for Price Action on 0.786, if Bearish candle confirm you can open Short Around it
- You can TP 1 and if Breaks down again wait for TP 2. - risk only 2% of your Capital.
This is for your trading reference only, use at your own risk. More Analysis will come. If you have questions please write on comment below. Wish you a Profit Trading, Thanks Gbu .