Hello and welcome to my Trade Idea of the currency pair AUD/USD.
Lets start with the Top Down Analysis.
Weekly: The weekly timeframe is in a beautiful downtrend with a lot of lower lows (L.L).
Daily: On daily we see its bearish too.
H2: On the H2 timeframe we draw the counter trendline and wait for a confirmed breakout. We expect a push to the lows.
Have a nice day.
Lets start with the Top Down Analysis.
Weekly: The weekly timeframe is in a beautiful downtrend with a lot of lower lows (L.L).
Daily: On daily we see its bearish too.
H2: On the H2 timeframe we draw the counter trendline and wait for a confirmed breakout. We expect a push to the lows.
Have a nice day.