AUD/USD SHORT TRADE H1 - WAITING FED

24 lug 2023

On AUD/USD, we have a bearish setup, with the price possibly bouncing back to the 0.6745 area before further descending, as we have a FVG there, which means a point of high probability of reversal. The price could then drop to the 0.6670 zone, where, in addition to a bullish FVG, we also have a Forex48 block, providing two points of reversal that the price could use to consolidate for a few hours/days before pushing upward. This is assuming confirmation on M15 + H1 timeframes. Let me know what you think. Have a great day and happy trading from Nicola, the CEO of Forex48 Trading Academy