Downside Participation - AUD/USD Buy Now, Sell later
Hi Traders,
Based on my Weekly Trade planning session, we have seen an indication that the USD is strengthening again. The AUD/USD has broken down two consecutive structures (Downside Participation), a clear indication that the trend is resuming to the downside.
However, immediately after participation, the traders will demand a discount. The simple reason is; that the price is too low and doesn't represent a good value. If the request is successful, the price will rally to the last structure without breaking the high that created the Downside participation.
This is the scenario that is currently happening in the AUD/USD.
This is a low-risk trade; Stop Loss:0.6464, profit target: 0.6537.
Based on my Weekly Trade planning session, we have seen an indication that the USD is strengthening again. The AUD/USD has broken down two consecutive structures (Downside Participation), a clear indication that the trend is resuming to the downside.
However, immediately after participation, the traders will demand a discount. The simple reason is; that the price is too low and doesn't represent a good value. If the request is successful, the price will rally to the last structure without breaking the high that created the Downside participation.
This is the scenario that is currently happening in the AUD/USD.
This is a low-risk trade; Stop Loss:0.6464, profit target: 0.6537.
