I took a nice trade on AU short later in the week for 10%. AUDUSD forecast for this week. PA is developing nicely. On the daily and lower time frames it is looking bearish. I don't think the cycle to the downside has finished just yet. I will be looking for continuation patterns to the downside. I will wait for PA to develop Monday and wait to see if there is any opportunities London open short. I Have to keep an open mind on a possible long positions. This has just filled a weekly imb. This could spring up to the weekly high of last week where we could look for another short from that key area. Give me a like and follow for more upcoming forecasts. I will post forecast on lower time frames as it gets closer. Consistency is the key!!
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.