Description :
Looking at the H4 chart, my overall bias for AUDUSD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a pullback sell entry at 0.70159, where the overlap resistance and 50% Fibonacci line is. Stop loss will be at 0.71577, where the recent swing high is. Take profit will be at 0.68660, where the overlap support is.
Trading Recommendation
Entry: 0.70159
Reason for Entry: overlap resistance and 50% Fibonacci line
Take Profit: 0.68660
Reason for Take Profit:
Previous swing high
Stop Loss: 0.71577
Reason for Stop Loss:
Recent swing high