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Blackwood_fx

AUDUSD SHORT--WATCH FOR THE RETRACEMENT OFF OF THE .618

Singkat
Dolar Australia / Dolar A.S. (FX:AUDUSD)  
Blackwood_fx  
FX:AUDUSD   Dolar Australia / Dolar A.S.
aud USD AUDUSD
4
0
aud usd audusd
Looks like we should have a continuation to the downside with this pair.

These are my thoughts:
Overall trend is bearish
PA (price action) is under the 200ma on the D time frame
PA has moved quite a bit highter than the 20ma on the D time frame (insinuating a snap back)
PA is running into the .618 retracement level

We will see how this plays out but I think the odds are in our favor for a short position.
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