AUD/USD

27 Mei 2023

Hello friends . after seeing the chart of AUD/USD I thought to do my analysis for the coming week since the market is now closed. seeing that the market is in continuous decline, even at the end it makes a retest where the last support was not broken. but only by testing it and forming a choch in LTF. I think that the trend will change here, after this retest we will return to the up trend. the area that I have set TP is the support of the beginning of the down trend which I expect to turn into resistance. this is a favorable trade in the ratio of 1 to 4. where stop loss is 20 pips while Take profit is 85 pips. I wish you success in your trading