Hello Everyone!
How are you all?
AudUsd is a pair to watch this week, because it is shaping up very nicely for a bearish trend continuation that we can capitalize on.
So, I will be looking for a sell continuation because of the following reasons:
1. The overall trend is Bearish
2. The price has formed a continuation structure.
3. The price is approaching correctively to the value area.
Game Plan:
If the price comes to the VA, and rejects at that level or sweeps the High, will look for a risk sell entry within the structure.
How are you all?
AudUsd is a pair to watch this week, because it is shaping up very nicely for a bearish trend continuation that we can capitalize on.
So, I will be looking for a sell continuation because of the following reasons:
1. The overall trend is Bearish
2. The price has formed a continuation structure.
3. The price is approaching correctively to the value area.
Game Plan:
If the price comes to the VA, and rejects at that level or sweeps the High, will look for a risk sell entry within the structure.
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