AUDUSD - FOREX - 16. JAN. 2020

2020-01-16 20:59:28

Welcome to our weekly trade setup ( AUDUSD )!

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1 HOUR
Small push above previous consolidation highs.

4 HOUR
Pump and dump, takeout of short holders and down now?

DAILY
Overall market turned bearish, expecting some more bearish pressure.

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FOREX SETUP
SELL AUDUSD
ENTRY LEVEL @ 0.69310
SL @ 0.69710
TP @ 0.68610
RR: 2.0
Use 0.5% risk!
(Remember to add a few pips to all levels - different Brokers!)


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Have a great week everyone!

ALAN