VIP - AUDUSD - SHORT

Why are we entering?
- Expecting AUD weakness now and USD strength = AUDUSD SHORT
- Waiting for price to retrace before entering

What is our confirmation?
- correction

Entry
- Safe Entry: Once correction is formed, entry on break of correction
- RISK Entry: once price retraces, will draw fib and look for rejection at fib level

Once entered, where will our Stoploss be?
- above price rejection once correction breaks

Where do we take profits?
First TP: 0.722 (300pips)
Second TP: 0.71 (380pips)
Third TP: 0.697 (520pips)