Welcome to our weekly trade setup ( AUDUSD )!
Closed above main sr level.
Overall bullish pressure towards previous highs.
Looking for another push to the upside.
ENTRY LEVEL @ 0.77430
SL @ 0.77020
TP @ 0.78040
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a...
Lower highs on Daily and H4 time frame = bearish market structure
I am looking too sell this pair once conditions have been met. After the drop that took place on Friday I have marked the 50 and 61.8 fibo retracement levels with a yellow bar. This is where I will be waiting to see if price prints a sell signal before considering to short.
The area of interest is...