Buy setup on the AUSUSD

2021年9月26日

The AUSUSD market is showing a potential buy setup

• the market was in a bearish trend
  
  
• the market gave an impulsive bullish reversal that broke out of the bearish channel
  
  
• as expected an impulsive move is followed by a correction
  
  
• the correction retraced all the way to the 61.8% Fib retracement level and showed rejection confirmations

from this level we can look for a move to the upside

NB!!!! Always practice proper risk management. We are not the market makers we follow what the market gives us.
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