AUDUS H1 POTENTIAL SHORT WITH GOOD RR 1:3
Hey,
Hope everyone is doing well. Bears are in control with AUDUSD pair. Daily & H4 in confluence & possible rejection at 1h 200 ema. High chance of a 100 pip~ retracement & continuation down for upcoming weeks.
Also, with DXY Dollar index in an up-trend & dollar will likely remain strong due to hiking of interest rates presents good r:r opportunity.
AUDUSD
Hope everyone is doing well. Bears are in control with AUDUSD pair. Daily & H4 in confluence & possible rejection at 1h 200 ema. High chance of a 100 pip~ retracement & continuation down for upcoming weeks.
Also, with DXY Dollar index in an up-trend & dollar will likely remain strong due to hiking of interest rates presents good r:r opportunity.
AUDUSD
Pending order trade as follows:
Price: 0.68495
Stop-loss: 0.68495 (30 pips)
Take profit: 0.67295
No guarantees, but we'll see what happens!
Good luck trading & hope everyone has a good & profitable week!
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. This is ONLY my opinion.
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.