As you see in the chart AU is retracing to 61.8 level which hasn't been retested yet which also aligns with mini uptrend breakout trendline as well.
We can expect to short from that point (only enter after bearish reversal candle patterns such as pinbar)
Initial TP can be current low and when it breaks the key support zone, we can expect to scale in for next major key support zone.
Trade is invalid if there is no rejection of resistance zone and pushes upwards.
Trade at your own risk. If you are in profit, move SL to BE for risk free trade but do not move SL to BE too early. I recommend to move SL to BE after 20 pips in profit for risk free trade.
It is your choice to get in retracement trades as I only trade with the trend.
We can expect to short from that point (only enter after bearish reversal candle patterns such as pinbar)
Initial TP can be current low and when it breaks the key support zone, we can expect to scale in for next major key support zone.
Trade is invalid if there is no rejection of resistance zone and pushes upwards.
Trade at your own risk. If you are in profit, move SL to BE for risk free trade but do not move SL to BE too early. I recommend to move SL to BE after 20 pips in profit for risk free trade.
It is your choice to get in retracement trades as I only trade with the trend.