AUDUSD reached today the 0.618 fib retracement level and have trouble going higher.
We had an ABC correction on the 4H time frame + a false breakout/bull trap based on a top trend line + a bottom trend line breakout on minor timeframe (5 mins). Seems like a very good time to try a short for an excellent risk ratio.
Target : 0.69 (TBD but I'll be aiming for a daily timeframe target on this one)
Stop : 0.7503
Breakeven : at 0.74