Description :
Looking at the H4 chart, my overall bias for AUDUSD is bearish as the current price is below the Ichimoku Cloud. Looking for a sell entry at 0.68123 where the overlap support is. We are looking to take profit at 0.65646 where the 61.8% Fibonacci line is, Stop loss will be placed at 0.69712, where the recent swing high is.
Trading Recommendation
Entry: 0.68123
Reason for Entry:Overlap support
Take Profit: 0.65646
Reason for Take Profit:
61.8% Fibonacci line
Stop Loss: 0.69712
Reason for Stop Loss:
the recent swing high
