AUDUSD trading setups 5 Nov 2018

5 Kas 2018

Whilst the market remains below resistant zone 0.733-0.737, we would look to sell this market at price strength or wait for any good sell signal on daily or 4h chart, following the overall downtrend remains in tack. The support that it is likely to find is at 0.71, if we go short now the risk reward ratio is about 1/1.5.
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Disclaimer: Seiha’s view on daily chart and the purpose is ONLY to share my personal education and general information for this trading setup. It is not to advise or recommend to enter the market. Trade at your own risk!