AUD/USD - Bearish Trend Continuation

13 thg 6, 2020

Hello Traders!,
We've reached the end of the trading week, we will be looking for set-ups that'll take us into the next week.
What Is The Market Telling Us?

• AUD weakness has occured after 2 attempts at our supply zone, 0.69 resistance has been broken & retested
  
• 4H timeframe shows we are currently in our 3rd wave of bearish impulse, indicating more selling pressure ahead
  
• 0.69 is our invalidation level, so if price violates this level, we are no longer bearish on AUD/USD
  

When Should We Enter?

• I have two possible outcomes to look for SELLS, we can look for a bearish pattern on our minor resistance then SELL
  
• 2nd scenario is more conservative, so we wait for price to revert back up to our 0.6900 resistance, look for bearish signals then SELL.
  

17 thg 6, 2020

Đóng lệnh: đạt mục tiêu

70 PIP target reached, then market reversed on our support