 |
| AUD/USD Hourly |
It's a clear downtrend, draw a fibonacci from last swing low then pay attention on the 38.2, 50 and 61.8 fibo retracement. Look for a sell signal around those area since it's a downtrend.
Zoom out to 15 min chart
 |
| AUD/USD 15 min |
This is what happen when price at 50 fibonacci, a divergence with bearish candle, enter at 1.0108, stop loss would be just above last fractal, -20 pips risk, it didn't reach my target. A breakeven trade out at 1.0108
 |
| AUD/USD 15 min |
and this is when price at 61.8 fibo, a wiseman 1 and a divergence, enter at 1.0136, hit my target at 1.0076 near 61.8 hourly fibo retracement for a 60 pips profit
