AUDUSD H4 | Bearish reaction off pullback resistance? for FX:AUDUSD by FXCM

Price has reacted off our sell entry at 0.6458, and could continue being bearish to reach the our take profit at 0.6401. Our stop loss is at 0.6508, and it is a pullback resistance level. Take profit is at 0.6401, which is at the 78.6% fibo projection. Partial profits can be taken at the 61.8% fibo projection and 161.8% fibo extention level as price may reverse from there.

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