AUDUSD has Filled in Liquidity Void and in my thinking Mitigation is happening here + Buy Side Liquidity is being grabbed to Short it . A fake out could Also be Expected !!
Look to SHORT the market from Correction Upwards .Aim for new Lower Low as it still has a lot to go down.
But if it Failed to Break Below the Scenario would be Negated !
Welcome to our weekly trade setup ( AUDUSD )!
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1 HOUR
Closed above main sr level.
4 HOUR
Overall bullish pressure towards previous highs.
DAILY
Looking for another push to the upside.
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FOREX SETUP
BUY AUDUSD
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...
