AUD/USD trading plan for next week
Updated
I think currency rate will move up to key sell level 0,72032 because price bounced up from 0,7793 so many times on Daily chart.
Technically it's a signal that Market makers hold the price and want to move it up, after that we should open Short.
The best place to open a Middle — term SELL is near 0,72032, goal 0,6975 reasons:
— The long-term trend is bearish. Price is still in a downward channel. Better to look to open entry to continue that down move.
— 0,72032 is key level on Weekly chart.
— Risk/Reward ratio will be 1 to 5 or more.
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Technically it's a signal that Market makers hold the price and want to move it up, after that we should open Short.
The best place to open a Middle — term SELL is near 0,72032, goal 0,6975 reasons:
— The long-term trend is bearish. Price is still in a downward channel. Better to look to open entry to continue that down move.
— 0,72032 is key level on Weekly chart.
— Risk/Reward ratio will be 1 to 5 or more.
Push like and Subscribe if you like my analysis.
Note
Price bounced up fro, 0,70993 next goal is key sell level 0,72032Note
Note
The situation is changing. If D1 close under 0,7089 it will be a signal to next down move
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