Forex Trade Set Ups - 22nd August 2024

August 22, 2024

Trade Set Ups - 22nd August

All Trade Set Ups Are Analysed Using 1hour, 4hour & 1 Day Time Frame

In this email:

  • AUD/GBP

  • EUR/CHF

AUD/GBP Set Ups 💰

This pair have a strong downtrend across the board. The 1-hour and 4-hour charts show consistent lower highs and lows, with moving averages aligned for a bearish setup. Volume is steady. RSI looks a little oversold so ideally going to wait for a push up before entering but there’s still room for a drop. The daily chart backs this up with a long-established downtrend. Sentiment is clearly bearish, with no signs of a reversal in sight.

Lower highs & lower lows over the long term on this pair

Trading Plan

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