AUDUSD has been selling decent recently, missing out on the first entry I have been waiting patiently for a second re-entry, I have found a possible entry using the Daily and 4 Hour time frame.
As market is bearish, I predict a tipping point for the retracement that occurred before market closed,
Support zones were measured using back testing on higher timeframes.
Overall I am risking -30 pips to get a grand total +155 pips.
If price reaches second support zone, I am early predicting a consolidation period which I shall then wait on its next move.
As market is bearish, I predict a tipping point for the retracement that occurred before market closed,
Support zones were measured using back testing on higher timeframes.
Overall I am risking -30 pips to get a grand total +155 pips.
If price reaches second support zone, I am early predicting a consolidation period which I shall then wait on its next move.