AUDUSD getting ready for an uptrend
Based on the chart, a major resistance area is broken and a pull back on the support ( which previously act as resistance) is about to happening right now. If a we notice a weakness on sellers, then and uptrend would be highly possible and a good risk/reward ratio.
Note: As always please take risk management rules into consideration before opening any position on the market.
Good luck!
Note: As always please take risk management rules into consideration before opening any position on the market.
Good luck!
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