Take a look at this AUDUSD Setup

Written by Raul Lopez on . Posted in Trades & Analysis

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

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Raul Lopez

I've been trading the forex market for more than 11 years. All my trades are based on price action. Check out my Forex Coaching program, I can help you develop a system that helps you trade consistently.
Raul Lopez Forex

Trading should be simple

I like to trade using simple tools such as support and resistance levels, candlesticks, price action and others. If you like simplicity, you'll love my Forex Training. Read more about me.

If you have any question about anything, please feel free to contact me at: info@straightforex.com or call +1 518 300 3828

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