Good consecutive winning trades on AUDUSD. Trend remains bearish until proven otherwise.
Current level of interest is the lower range 0.65420's.
Market currently favouring short side.
If weekly closes below 0.6600 expect quick downside towards 0.65420's. Current trade idea would be market short and TP 0.6600.
Trade idea is no longer valid if 0.66500 gets flipped.
Entry market
SL above 0.66500 or high of day
TP 0.6600 --> opens the range from 0.6600 to 0.63125
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
Current level of interest is the lower range 0.65420's.
Market currently favouring short side.
If weekly closes below 0.6600 expect quick downside towards 0.65420's. Current trade idea would be market short and TP 0.6600.
Trade idea is no longer valid if 0.66500 gets flipped.
Entry market
SL above 0.66500 or high of day
TP 0.6600 --> opens the range from 0.6600 to 0.63125
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.