AUDUSD, 4hr tf, sell downward channel resistance retest
Hello my friends,
Our 3rd setup for next week is AUDUSD.
As you can see, price currently moving inside a downward channel and recently rejected on resistance.
We could see price rorate to the lower side for a retest on support at 0.7255
It offers a nice 3R setup so we will try selling this pairs.
Sell AUDUSD 0.7315
Stop loss 0.7335
Take profit 0.7255 (3R)
RR ratio 1 : 3
Use only 1-2% risk
Good luck
Our 3rd setup for next week is AUDUSD.
As you can see, price currently moving inside a downward channel and recently rejected on resistance.
We could see price rorate to the lower side for a retest on support at 0.7255
It offers a nice 3R setup so we will try selling this pairs.
Sell AUDUSD 0.7315
Stop loss 0.7335
Take profit 0.7255 (3R)
RR ratio 1 : 3
Use only 1-2% risk
Good luck
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