AUDUSD: Two Trades For Next Week

18 Ağu 2019

two very good potential trading setups on AUDUSD.

For those who will trade the market opening,
be focused on a narrow trading range 0.677 - 0.679,
if bears break and close below it, we can expect bearish continuation to 0.675

For those who are waiting for a trend continuation setup,
be focused on a bearish violation of a descending triangle.
if bears break bellow 0.675, be ready to short the pair,
expecting retest of the lower low.
Target - 0.67