AUDUSD SHORT!

Prior to the 11th of December this pair was trading in an upwards trend with key resistance around the 0.78000 level. After the break of this market structure, there has been a number of minor re-tracements, and price is currently trading around the 61.8% re-tracement inside a daily supply & demand zone and coincides perfectly with the 0.74600 support/turned resistance level. Stop loss will be placed above the last significant high and first take profit will be in the next supply and demand zone around 0.72000.