Forex $1 MM Challenge – Trade #5 (1-23-19) Sold AUDUSD

This was a trade set-up I took after posting about the Aussie going lower two days ago.

Currency Analysis Report 1-22-19…Aussie Set To Go Lower

China is Australia’s largest trading partner in terms of both imports and exports and as a result, Australia is more affected by China’s economy than most countries. As China goes, the Australia currency, the Aussie goes.

Daily Chart (Entry Time Frame) – although not the best zone, one set-up was already missed when price entered and left the daily supply at this time there is no trade set-up.

So wait for a pull back to the

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