Weekly Analysis AU - 8/2 - 12/2

Update
Week 1 (1-5/216)

High - 0.72418
Low - 0.70018

Week 1 opening price - 0.70759 ( 74.1 pips from the weekly low)

Potential move

The first week notes
- the total range made was 240 pips with the potential that it has reached the weekly (yes) though the weekly price at 0.72759. 
- the bullish strength is at 165.9 pips but the overall trend at the end of the week is bearish with closing at 0.70641 (11.8 pips)

SND notes
- the H4 supply at 0.72828 and demand at 0.70254
- the daily supply at 0.71643 and demand at 0.69271
- the weekly supply at 0.71911 and demand at 0.66760

The 2nd week
- the targeted weekly trend is bearish
- targeted high at 0.71641 and low at 0.68641

SETUP

Weekly 
Sell Limit 0.71110 tp 0.70300 / 0.69300 / 0.68500 / 0.66800
Stop Loss 0.72000
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