AUDUSD ____ INCOMING BEARISH MOVE

2023년 12월 10일

Hello Traders,

I'd keep this simple.

On the weekly timeframe, we have a W pattern and the expectation is that we would see a retracement.

On the daily timeframe, you will notice that price formed a bearish CHOCH and also printed relatively equal lows.

I'd be waiting to see price retrace into my daily orderblock and drop into the 1hour timeframe to look for a trade setup according to my trading strategy.

Keep this pair on your radar.

Cheers,
Jabari