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Ace Trading Academy - AUD/USD Pre-week Analysis Full BreakdownIn this video, we thoroughly review how last week ended and how the upcoming week will potentially set up in AUD/USD based on previous price movement. We plan to see an initial retest at the beginning of the week and a continuation of the current 2-week uptrend after the retest. We labeled trading zones, Support/Resistance points, and trend set-ups. Take a listen, like and follow if you take value from this video. More value will be coming soon!!
by AceTradingAcademy
AUDUSD Preweek Potential Weekly Bias/Set-upsLast week on AUDUSD we saw a bounce back from a huge bearish drop to begin the week. We saw a huge drop Monday and the trading pair bounced back bullish for the week. We had a final push bullish on Thursday to another higher level around .66000 and from there to the end of the week a small pullback to .65750 as seen on the 1 Hour. We are seeing a short uptrend beginning and will continue to follow the market structure with higher highs and lower lows. The previous low is where the BOS line is placed on the analysis. A break below the BOS line will alert us to a potential trend reversal. Anything above that pint still follows the uptrend. Ace Trading Academy will keep you updated on future moves. This analysis is only to generate trade ideas. Do proper research upon trading and before executing your trades. Subscribe to my website for more updates and for valuable content coming out! The URL is found in my profile.
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by AceTradingAcademy