AUDNZD Bearish Basic Structure

٥ يوليو ٢٠١٦

Simple short trade on the AUDNZD here, price has been making lower highs and lower lows on the 4H timeframe. Decide to place 2 limit orders on the 0.618 and 0.786 RETRACEMENT OF XA.

Identified possible areas of reversal as my profit targets. Shooting for extended targets.