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Title
AUDUSD, H4 | Potential for Bearish Drop to intermediate support
Type
Bearish Drop
Preference:
We are seeing the price is being above the Ichimoku cloud, Looking for a pullback sell entry at 0.6893 where the 50% Fibonacci line is, and take profit at 0.67395 where the 78.6% Fibonacci line is.
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.