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 pullback sell entry at 0.68382 where the recent overlap resistance is. We are looking to take profit at 0.66440 where the overlap support and 50% Fibonacci line are, Stop loss will be placed at 0.69919 where the recent overlap swing high is.
Trading Recommendation
Entry: 0.68382
Reason for Entry:recent overlap resistance
Take Profit: 0.66440
Reason for Take Profit:
overlap support and 50% Fibonacci line
Stop Loss:0.69919
Reason for Stop Loss:
recent overlap swing high
