AUDUSD Preweek Potential Weekly Bias/Set-ups

12 aug.Last week on AUDUSD we saw a bounce back from a huge bearish drop to begin the week. We saw a huge drop Monday and the trading pair bounced back bullish for the week. We had a final push bullish on Thursday to another higher level around .66000 and from there to the end of the week a small pullback to .65750 as seen on the 1 Hour.

We are seeing a short uptrend beginning and will continue to follow the market structure with higher highs and lower lows. The previous low is where the BOS line is placed on the analysis. A break below the BOS line will alert us to a potential trend reversal. Anything above that pint still follows the uptrend.

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13 aug.

Handel aktiv

Target almost reached for a 3:1 trade! Let's allow it to hit the target, and then we reanalyze.

13 aug.

Trade stängt: målet nått

Trade Complete! We reanalyze and I will be back with the next trade set up. Follow for more ideas!