Uran0s
Short

AUDUSD - 4H analysis - This week trade setup

FX:AUDUSD   Australian Dollar/U.S. Dollar
26 0 3
Hello everyone, I hope you made some good pips with this setup:
AUDUSD - possible downward move


It's also part of the setup I posted some days ago, with possible move here:
AUDUSD - daily analysis cannot be simpler


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.
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