FX:AUDUSD   Australian Dollar / U.S. Dollar
Hello friends . after seeing the chart of AUD/USD I thought to do my analysis for the coming week since the market is now closed. seeing that the market is in continuous decline, even at the end it makes a retest where the last support was not broken. but only by testing it and forming a choch in LTF. I think that the trend will change here, after this retest we will return to the up trend. the area that I have set TP is the support of the beginning of the down trend which I expect to turn into resistance. this is a favorable trade in the ratio of 1 to 4. where stop loss is 20 pips while Take profit is 85 pips. I wish you success in your trading

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.