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.
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