AUDUSD (SHORT)

٦ أغسطس

"All time frame is on a downtrend. 4HR is also on a downtrend breaking lows and I don't think it will pull back up just yet. No fib used on this trade since my stop loss is about 122 pips away so use a small lot size on this trade. Entry is 0.65124, stop loss is 0.66345, and take profit level is at 0.61400. Risk Reward Ratio is 3.