AUDUSD: Short Position Taken as Prices Clear Support
Strategy: Short at 0.8890, Targeting 0.8574
AUDUSD has produced an Evening Doji Star bearish reversal candlestick pattern that has also offered a daily close below the lower boundary of a support-turned-resistance price congestion region at 0.8937. We will enter short from here, initially targeting a return to February’s swing low at 0.8574. A stop-loss will be activated on a daily close above 0.9043.
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