FX.co ★ Crazy-Trader | AUD/USD

AUD-USD H4 TIME FRAME If we look at the condition of the AUDUSD currency pair in the last two weeks which has been more dominantly moving in its bearish path, then it is likely to try to move down again targeting the decline target in the range of level 162.00. Of course this will be one of the references for determining the next trading position next week where the price movement is expected to still be controlled by the seller troops because since mid-July there has been pressure from the seller troops.

If referring to the short-term trend conditions, the market is still in a bearish trend situation, therefore it is estimated that there is potential to go back down. Referring to the market structure which is still seen moving down so that it is possible that in the long term the price is expected to still move bearish again towards the area below it. With the price composition that was previously able to touch the level of 162.27 indicating the trend has the potential to fall lower. However, at the beginning of next week I am still patiently waiting for a trading signal to enter the market. In the last few days, the candlestick has been seen falling down but now it has stopped in a slight correction because the market is on holiday. The Lime line on the Relative Strength Index indicator rose to level 50 indicating that the market is still experiencing a correction. If it turns out that the price moves bearish again leaving the current level, then I myself am more interested in trying to pursue opportunities to do SELL trading because this week's trend in the market is more towards a bearish path. CONCLUSION: From the dominant price decline conditions in the last two-week market session, I suggest focusing on the potential for further bearishness. The sell trading plan is also supported by the trend conditions of the last few days which still show the dominance of the seller troops controlling market movements. The SELL transaction area that can be considered next week is when the price moves down to the range of level 162.45. The nearest profit target zone can be planned to reach level 162.00 again. The sell plan can place a Stop Loss of 30 pips from the transaction level. Overall, the potential for price movements in the market seems to continue to decline if the price level of 16525 has not been penetrated by the buyer troops.