High likelihood AUDUSD will continue trading lower to retest/surpass the structure at 73200
Anticipating a test of the 72500 quarter level considering the upcoming economic event on Wednesday (Unemployment Change & Employment Rate) and considering the existing bearish momentum on the larger picture
Heavily bearish week expected to break the low of last week
Big bearish daily candle & overall trend direction since 2018 started
H4 showing no signs of reversal as of right now
Asian / London Markets may present opportunity for a confirmed sell position around 0.74
Stop loss above 0.743 (no more than 30 pips depending on your entry)
Target 1 = 61.8 Structure at 0.732
Target 2 = 0.726
Trading with real money involves risk.
I am not a financial adviser nor is this financial advice.
Hold yourself accountable!
Anticipating a test of the 72500 quarter level considering the upcoming economic event on Wednesday (Unemployment Change & Employment Rate) and considering the existing bearish momentum on the larger picture
Heavily bearish week expected to break the low of last week
Big bearish daily candle & overall trend direction since 2018 started
H4 showing no signs of reversal as of right now
Asian / London Markets may present opportunity for a confirmed sell position around 0.74
Stop loss above 0.743 (no more than 30 pips depending on your entry)
Target 1 = 61.8 Structure at 0.732
Target 2 = 0.726
Trading with real money involves risk.
I am not a financial adviser nor is this financial advice.
Hold yourself accountable!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.