High likelihood AUDUSD will continue trading lower to retest/surpass the structure at 73200
Anticipating a test of the 72500 quarter level considering the upcoming economic event on Wednesday (Unemployment Change & Employment Rate) and considering the existing bearish momentum on the larger picture
Heavily bearish week expected to break the low of last week
Big bearish daily candle & overall trend direction since 2018 started
H4 showing no signs of reversal as of right now
Asian / London Markets may present opportunity for a confirmed sell position around 0.74
Stop loss above 0.743 (no more than 30 pips depending on your entry)
Target 1 = 61.8 Structure at 0.732
Target 2 = 0.726
Trading with real money involves risk.
I am not a financial adviser nor is this financial advice.
Hold yourself accountable!
Anticipating a test of the 72500 quarter level considering the upcoming economic event on Wednesday (Unemployment Change & Employment Rate) and considering the existing bearish momentum on the larger picture
Heavily bearish week expected to break the low of last week
Big bearish daily candle & overall trend direction since 2018 started
H4 showing no signs of reversal as of right now
Asian / London Markets may present opportunity for a confirmed sell position around 0.74
Stop loss above 0.743 (no more than 30 pips depending on your entry)
Target 1 = 61.8 Structure at 0.732
Target 2 = 0.726
Trading with real money involves risk.
I am not a financial adviser nor is this financial advice.
Hold yourself accountable!