Analysis of #AUDUSD
Hi traders, today we will have a look at #AUDUSD
The AUDUSD is similar o my previous idea on EURUSD a straightforward traditional triangle pattern with confirmation, as we have broken the trendline resistance and now started to move back down.
you can drop a one-time frame and look for a reversal pattern at resistance to see if other trades are also looking for what you are looking for, and if there is interest in buying it back.
if the maker doesn't provide a reason to get in at trend line resistance, usually what will happen is the market will drop to make another test of trend line support, which will make a good buy entry to target 0.6900
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
Hi traders, today we will have a look at #AUDUSD
The AUDUSD is similar o my previous idea on EURUSD a straightforward traditional triangle pattern with confirmation, as we have broken the trendline resistance and now started to move back down.
you can drop a one-time frame and look for a reversal pattern at resistance to see if other trades are also looking for what you are looking for, and if there is interest in buying it back.
if the maker doesn't provide a reason to get in at trend line resistance, usually what will happen is the market will drop to make another test of trend line support, which will make a good buy entry to target 0.6900
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
