This week, it would be ideal to wait for the descending channel to break on the weekly timeframe! Today's close of weekly candle would likely assure that the channel has broken and therefore by next week we can take a long trade based on ideal 1:1 risk to reward ratio.
Today's NFP report if it goes in favor of the USD, we might actually also witness the AUD slip and stay within its channel again. Thus today's close of weekly candle is very important and might set the tone for the movement in the coming weeks. For more information, it is advised to observe the main chart.
cheers
Today's NFP report if it goes in favor of the USD, we might actually also witness the AUD slip and stay within its channel again. Thus today's close of weekly candle is very important and might set the tone for the movement in the coming weeks. For more information, it is advised to observe the main chart.
cheers
