We will be looking for sell continuations on upon 1h candle confirmation at the 61.8% retracement level, which is doubling at the previous supply zone area.
Stops will be placed just above the zone (15-20 pips), with 1:4 possible RR.
On the 4h, we see AUDUSD hitting and bouncing off the upper trendline of the channel, indicating the beginning of a strong bearish pressure.
Please drop a like if you see potential in this setup!
Always trade responsibly and with appropriate risk management.
Happy Friday and happy trading!!!
Stops will be placed just above the zone (15-20 pips), with 1:4 possible RR.
On the 4h, we see AUDUSD hitting and bouncing off the upper trendline of the channel, indicating the beginning of a strong bearish pressure.
Please drop a like if you see potential in this setup!
Always trade responsibly and with appropriate risk management.
Happy Friday and happy trading!!!