Aussie Dollar is in a down trend on the 4hr chart.
Chart below:
Price has retraced to 38.2% Fibonacci area where a Double top has formed.
Chart below:
I am looking for a short entry as detailed below
Levels and Chart below:
1st Entry: 1.0285
2nd Entry: 1.0295
Averaged Entry: 1.0290
Stop Loss: 1.0320
Target: 1.0140
I will update again if and when the chart is triggered.
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