AUDUSD 11.02.2022

95
TWO SCENARIOS FOR NEXT WEEK.
DAILY CLOSURE WILL INDICATE WHICH SET-UP IS VALID

SET-UP 1:
- Looking to long AU on break above 0.71450.
- If daily closure is above this level then will look for a long entry to continue with the bullish momentum.
- This could possibly be the third bounce of ascending trendline and reversal from golden retracement levels.

snapshot

SET-UP 2:
- If daily closure is below 0.71450 and breaks ascending trendline, we could look to short AU on retest of 0.71450.

snapshot

Waiting for daily closure before trading pair

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