AudUsd Trade Idea
AU has been extremely bearish with price making a new LL last week. The set up here is pretty self explanatory. Once and if price can push above the resistance level I have marked up then we could expect price to push to the upside and potentially tap into 63000. Price is bearish but with structures being created around the LL I do wanna use it and build up a set up around it especially with price leaving a bearish gap just above.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.