We might see a great sell setup very soon on the H4 chart of AUDUSD. There is a confluence of 2 trend lines coming from the highs. Fibo expansion 61.8% falls into that zone as well.
Technical Analysis
H4 – trend lines confluence, fibo expansion level, divergence
Entry
False break of the confluencing zone could be a great sell trigger.
Targets
Last low which is also a good support zone, leave the second part of the trade running afterwards.
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