AUDUSD is breaking the bullish market structure amid the counter-trend dollar correction related to fundamentals. The currency pair is bumping into a strong liquidity area...

لقطة

It will be difficult to pass the zone 0.6695 from the first time, because below this area there is a zone of high density of limit orders. Accordingly, as a reaction we see a false break of the support at 0.6699 (H4) and a rebound. Earlier there was a change of market character to bearish, rebound from the support may lead to recovery to 0.5-0.7 Fibo, from which further decline may resume to the key support from which 2 scenarios may develop. In a weak market the movement may continue, but if the general background starts to change (the dollar is in a bear market) the currency pair may start a recovery phase.

Resistance levels: 0.674, 0.676
Support levels: 0.6699, 0.6686


Technically, we are waiting for a pullback to the specified zone (0.5 - 0.7 Fibo), further it is worth watching the price reaction to the specified zones. A price retest of the support will increase the chances of a breakout and further decline, but strong bulls may continue to resist the bears, which may lead to growth

Rate, share your opinion and questions, let's discuss what's going on with ★ AUDUSD ;)


Regards R. Linda!
تم فتح الصفقة
An upward impulse from the specified zone is being formed. We are waiting for resistance retest...
تم فتح الصفقة
Reached 0.5 fibo
تم فتح الصفقة
لقطة
تم فتح الصفقة
0.674 - Attention.
The price is not declining, but is preparing to test 0.5 fibo for a breakout and growth.
Possible target is 0.678
تم فتح الصفقة
لقطة
تم فتح الصفقة
Continuing to hold
تم فتح الصفقة
لقطة
أغلقت الصفقة: تم الوصول للهدف
Both movements accomplished their targets :)
Ascending ChannelChart PatternsconsolidationFibonacci RetracementFLATFundamental AnalysisSupport and ResistanceTrend AnalysisTrend Line BreakZigzag

🌹TRADING is a CASINO💔!?

NO‼️

You❗️CAN and ❗️SHOULD make money in trading!

Join me, I'll guide you to PROFITABLE TRADING💵!

🟢Free Telegram Channel:
t.me/RLindaTrade

🔴Contact:
t.me/RLindaSignals

🧿Web: rlinda.com
يعمل أيضًا:

منشورات ذات صلة

إخلاء المسؤولية