USDAUD: Approaching Nice Area For A Trade Next Week! #Forex
Friends,
We have had some nice trades off this pair, this year. I'm currently looking for another set up which may be about to take place again. It depends on how we open next week and how the price behaves as well.
We are coming up to an important zone for this pair, which will give us a nice indication of whether we are going long or short on this pair.
1. The channel measure target was hit where buying resumed.
2. We established there is an internal channel within the other longer term channel
3. The resistance area, or the moment of truth, is at 61.8 retrace of the impulse leg.
4. We wait for outcome to trade.
We have had some nice trades off this pair, this year. I'm currently looking for another set up which may be about to take place again. It depends on how we open next week and how the price behaves as well.
We are coming up to an important zone for this pair, which will give us a nice indication of whether we are going long or short on this pair.
1. The channel measure target was hit where buying resumed.
2. We established there is an internal channel within the other longer term channel
3. The resistance area, or the moment of truth, is at 61.8 retrace of the impulse leg.
4. We wait for outcome to trade.