AUDUSD SET-UP
This is a simple setup. Price made it's way up to the upside.
Now Price could be relieving the sellers and allowing the buyers to take a chance to take over. It make continue to the upside on the opening market on Sunday or it might hit a level and turn back over into the downside. Either way we are still in a downwards market until price breaks that (blue) resistance level and retests it and makes it's way up IF it fails and breaks the first HL then we are looking for price to make it's way down.
Now Price could be relieving the sellers and allowing the buyers to take a chance to take over. It make continue to the upside on the opening market on Sunday or it might hit a level and turn back over into the downside. Either way we are still in a downwards market until price breaks that (blue) resistance level and retests it and makes it's way up IF it fails and breaks the first HL then we are looking for price to make it's way down.
Penafian
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