+【9/25~27 AUDUSD Australian Dollar】（7）
This will summarize the AUDUSD trade we did from 9/25 to 9/27.
—
Monday, September 25th. The target is AUDUSD short. We want to consider selling on a rally.
From the recent decline, a retracement of 50% to 61.8% has occurred. The 50% retracement level (the white line in the middle) is a level repeatedly watched.
For now, determine whether the price will clearly break below the retracement line of support on the rise (orange line).
Around the orange line, the 1-hour moving average also overlaps, and if it cannot hold here, the rally may strengthen as a reaction sell.
On the daily chart, after a large drop, the range period has become longer, and since MC is the 28th candle, there is still the possibility of a new low through a left translation.
4-hour chart expects the third left translation as a possibility.
15-minute chart
If the price breaks below the range within the white band first, it will create lower highs, and the rally selling may intensify.
If it breaks upward, it will be supported by the 1-hour 20 SMA, so we will pass on it.
Entry is,
