AUDUSD Short

60
Bearish Daily structure is being maintained.

5 Hour structure is bearish

Support and structure has been broken on the lower timeframes

Projected TP 1 is the -27.2% fib from the 5 hour timeframe which lines up with Daily support

--- This is a second entry opportunity. The 1st entry opportunity for a short was at the .7550 level after 4H resistance was rejected multiple times and structure formed a double top based on 5H structure. This is an excellent risk / reward opportunity, over 5 to 1.

Penafian

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