AUDUSD: leave the channel to start a new one
The price has reached one of the main trend lines of recent months - 0.772. This line combines price extremes into a channel that has existed since the first days of January.
The price entered the channel by bouncing off the 0.760 level and reaching the 0.780 level. Within a month, it fell back to the start level and began a new growth. Therefore, it is likely that the price will break the trend line, touch the level of 0.774 and start falling in a new descending channel (to position 0.760)
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
The price entered the channel by bouncing off the 0.760 level and reaching the 0.780 level. Within a month, it fell back to the start level and began a new growth. Therefore, it is likely that the price will break the trend line, touch the level of 0.774 and start falling in a new descending channel (to position 0.760)
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Note
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.