AUDUSD made a great movement downwards after breaking the upwards trend which was orientated with super respected support line.
- The pair is trying to reach the previous accumulation zone which is also presented like a potential support zone. The price almost reached the zone and in the next day its expected to touch that zone. After reaching the zone, with no others breaking support zone signs or price violation, its expected that the price will go upwards.
Detailed explanation about the price movement !
- Reaching the support zone, price may create a little accumulation zone like the previous formation and start going upwards to the main resist zone which is presented in the analyse. Then the price should go upwards to the smaller resist line which is respected by the previous uptrend in a horizontal formation. Reaching that zone, its expected that the price will create a accumulation zone, smaller version of the creation in the trend.
Without any violations in that area, the price will go upwards from that zone and will try to touch main resist zone which is also respected many times before long time ago. In that zone its expected a violation because that zone is so much touched and became resist after being a support area for a long time. There are chances that the price will go more upwards to the highest previous price level which is the horizontal line after the resist zone. After that the price will create not significant movements and not worthy to trade .
Good luck .
Please, leave a comment below !
- The pair is trying to reach the previous accumulation zone which is also presented like a potential support zone. The price almost reached the zone and in the next day its expected to touch that zone. After reaching the zone, with no others breaking support zone signs or price violation, its expected that the price will go upwards.
Detailed explanation about the price movement !
- Reaching the support zone, price may create a little accumulation zone like the previous formation and start going upwards to the main resist zone which is presented in the analyse. Then the price should go upwards to the smaller resist line which is respected by the previous uptrend in a horizontal formation. Reaching that zone, its expected that the price will create a accumulation zone, smaller version of the creation in the trend.
Without any violations in that area, the price will go upwards from that zone and will try to touch main resist zone which is also respected many times before long time ago. In that zone its expected a violation because that zone is so much touched and became resist after being a support area for a long time. There are chances that the price will go more upwards to the highest previous price level which is the horizontal line after the resist zone. After that the price will create not significant movements and not worthy to trade .
Good luck .
Please, leave a comment below !
Now, expected upwards movement