Hey traders hope everyone is having a great weekend.
AUDUSD is currently experiencing a retrace on the weekly charts.
Per my analysis last week, I am still bullish on the AUDUSD until it reaches the target of the yellow line.
This upcoming week we may see the retrace continue, but I am still bullish.
Last week price moved down, but the Friday's daily candle closed in a doji indicating an indecision point.
Using Fibonacci analysis, this current retrace is currently at the 38.2 Fib Level on the H1/H4 charts.
This only determines my bias for the week which may change. Trade what you see guys. I will update with possible setups.
Daily trade analysis and ideas:
Telegram: t.me/Forexdojo
Facebook: www.facebook.com/FXShinobi
Twitter: forex_dojo
Instagram: www.instagram.com/jaylen.forex/
Website: www.forexshinobi.com
TikTok: @forexshinobi
ForexShinobi
AUDUSD is currently experiencing a retrace on the weekly charts.
Per my analysis last week, I am still bullish on the AUDUSD until it reaches the target of the yellow line.
This upcoming week we may see the retrace continue, but I am still bullish.
Last week price moved down, but the Friday's daily candle closed in a doji indicating an indecision point.
Using Fibonacci analysis, this current retrace is currently at the 38.2 Fib Level on the H1/H4 charts.
This only determines my bias for the week which may change. Trade what you see guys. I will update with possible setups.
Daily trade analysis and ideas:
Telegram: t.me/Forexdojo
Facebook: www.facebook.com/FXShinobi
Twitter: forex_dojo
Instagram: www.instagram.com/jaylen.forex/
Website: www.forexshinobi.com
TikTok: @forexshinobi
ForexShinobi
