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Monday, July 19, 2021

AUD/USD | Potential Downward Movement πŸ”¨

AUD/USD | Potential Downward Movement πŸ”¨

AUD/USD OANDA:AUDUSD

Technical Analysis:

The price is bouncing inside a bearish channel formation where we have a downward movement. A higher correction could be seen to the higher end of this channel. The sellers will join the impulsive wave to the downside after the pullback near the trend line resistance.
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Trade Idea:

Sell Limit Order @ 0.7371
Take Profit @ 0.7342
Stop Loss @ 0.7386

Trade Safely πŸ™‚



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