AUDUSD scenario #1. Short if bounce up from 0.9200 support
Scenario #1 if AUDUSD bounce up from 0.9200 support
AUDUSD short on rally
Strong support zone at 0.9200. If 0.9200 support level holds, and AUDUSD rallies upward to 0.9330-40, look to enter short positions here. 0.9330-40 is a resistance zone & 61.8% FIB retracement.
Short 0.9330-40
SL 40-50pips
TP 0.9200
AUDUSD short on rally
Strong support zone at 0.9200. If 0.9200 support level holds, and AUDUSD rallies upward to 0.9330-40, look to enter short positions here. 0.9330-40 is a resistance zone & 61.8% FIB retracement.
Short 0.9330-40
SL 40-50pips
TP 0.9200