AUDUSD Short
Setup Timeframe: Daily
Execution Timeframe: 4H
Risk: 3%
Reward: 9.3%
Reasons for Entry: At the 61.8% bearish fib level, which lines up with a long term bearish TL.
Reasons for SL Placement: Above recent highs, above the bearish TL, and above the 78.6 fib level.
Reasons for TP placement: At the -0.27 fib extension level.
Execution Timeframe: 4H
Risk: 3%
Reward: 9.3%
Reasons for Entry: At the 61.8% bearish fib level, which lines up with a long term bearish TL.
Reasons for SL Placement: Above recent highs, above the bearish TL, and above the 78.6 fib level.
Reasons for TP placement: At the -0.27 fib extension level.
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