Buy setup on the AUSUSD

26 Eyl 2021

The AUSUSD market is showing a potential buy setup

• the market was in a bearish trend
  
  
• the market gave an impulsive bullish reversal that broke out of the bearish channel
  
  
• as expected an impulsive move is followed by a correction
  
  
• the correction retraced all the way to the 61.8% Fib retracement level and showed rejection confirmations

from this level we can look for a move to the upside

NB!!!! Always practice proper risk management. We are not the market makers we follow what the market gives us.
Beware of the upcoming news events

for any questions feels free to text me in the private chat