In our Daily Trade Watch video, we look for high probability trade setups that we can trade throughout the day. Today, we look at a good technical setup in AUDUSD.
This particular trade has been in the pipeline for a while. As we look at this market technically, we can see that the overall direction in this market is firmly to the downside. Additionally, if we look at the price action over the last few days, we can see a series of lower highs and marginal lower lows.
This is very likely to see the buyers exit this market especially if prices break below 0.6722 which is the daily low of the previous two trading days. This is the price we are looking at to confirm a high probability trade to the downside.
Good Technical Setup in AUDUSD – Full Video Analysis
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