Direct from the desk of Dane Williams,
This is not your average forex broker email.
It’s a public holiday in Aus and I’ve been a busy boy today with some family commitments so this one is going to be a brief email.
I just smashed out a quick weekly market preview on the blog and this AUD/USD setup looks to just be unfolding so I thought I’d share with you guys.
Take a look at the AUD/USD intraday chart below.
With price below higher time frame support being something I’ve talked about on the blog for weeks now, I’ve always had a bearish bias and only looking to short.
As price retested the marked area of previous support as resistance on the daily, I then zoomed into the hourly to look for the same thing.
Low and behold, check out the candle I marked with the grey box. Short term support, perfectly retested as resistance.
There’s both higher time frame and intraday zones to manage your risk around in this setup.
If you want to ask any questions about this particular setup, simply hit reply to this email. I read and reply to everyone inside my Inner Circle.
Best of probabilities to you,