AUDUSD - 4H analysis - This week trade setup
Hello everyone, I hope you made some good pips with this setup:
It's also part of the setup I posted some days ago, with possible move here:
What is happening now? AUDUSD sits in nice downward channel, touched the upper trendline of the channel which coinfluences with 0.382 retracement. I expect more doward pressure this week due to USDollar index , which should got more upward pressure to complete its move this week. Watch USDollar index for the clues where we can go.
Yellow box represents potential PR zone.
SL goes above 0.5 retracement with nice RR ratio.
I will be posting further analysis with bigger picture on this pair very soon. Possible great long setup is coming here.
It's just my personal idea, like if you agree.
Greetings.
It's also part of the setup I posted some days ago, with possible move here:
What is happening now? AUDUSD sits in nice downward channel, touched the upper trendline of the channel which coinfluences with 0.382 retracement. I expect more doward pressure this week due to USDollar index , which should got more upward pressure to complete its move this week. Watch USDollar index for the clues where we can go.
Yellow box represents potential PR zone.
SL goes above 0.5 retracement with nice RR ratio.
I will be posting further analysis with bigger picture on this pair very soon. Possible great long setup is coming here.
It's just my personal idea, like if you agree.
Greetings.