Take a look at this AUDUSD Setup

Hope you all had a great weekend!

Did you trade the NFP announcement? If you did, how did you do?

What do you think about the AUDUSD? Since last week I’ve been monitoring the AUDUSD, I like the way it is trading and not it is about to reach the

ST resistance level, which is where I’m looking to go short. Take a look at this chart:

My trading plan:

Wait for a retracement to the ST resistance level at 1.0244, if the market gives me significant downward pressure, I’ll go short.

What do you think?

Have a great week ahead!

Raul Lopez
Forex Coaching

AUDUSD Analysis, forex

Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .