AUSUSD Week 35 (Aug 29 to Sep 2)

Notes:

Looking at last Friday’s pro-USD move and the Jackson Hole Symposium which will conclude on Sunday and Bank of Japan Governor will also be speaking too, it would
better to wait and observe the NY opening on Sunday NY time.

Look at the price gap when NY open. Avoid trading until the Tokyo session closes on Monday which happens to be during the London session. UK bank holidays so the
London markets will be closed but the European markets will be open. Pay attention to PA setups around BRN 0.7600.

Next week, it is 3 trading days till the August month end, avoid starting any new Position Trades this week. Trades should be limited to H1 intraday and also 4H swing trades
using the Previous Price Action PPA and using the grid 25-pips price levels for this pair. Be mindful that price can be volatile so small stops of less than 50pips may will be
more risky. There should be good trading opportunities during the early hours of Sydney and Tokyo session this week which can be lucrative for small trades 20pips target
in short term.

Market jitters will favour the USD and also keep watch XAUUSD prices on D1 chart trading.

ADR(100) is 85 pips. H1 trade should be short duration 2 to 3 hours when price is volatile. Look for setup at those 25-pips grid price levels.

The 52-weeks average trading range is 197 pips, a good PA reversal entry on H4 can catch a 100 pips of the swing.
Big Picture with multi-charts view:
H1 chart with PPA view: