AUDUSD to trend downwards?

AUDUSD had some selling pressure on 0.74080- 0.74100. This also confluences with the 100% Fibo extension level.
Based on this information, I believe AUDUSD will continue trend downwards. I shorted at 0.74040. My stops at 0.74200. First downtrend target is 0.73640 while second target at 0.73170.

This is not a buy/sell call. Do confirm with your trading plan.
Click the link if interested to open a forex account.

Trade fechado: stop atingido:

trade was closed on may 2 when it hit 0.74200

Trade fechado: stop atingido