AUDUSD: correction in a bullish trend
The price has maintained an uptrend since April last year. At the same time, within the trend, it regularly works out corrections, which can be formalized in the form of bullish patterns. Most often this is a wedge or descending channel. Trend continuation patterns. The last such pattern the price started bouncing off the main resistance at 0.795 in February. And now it has already made at least 4 touches of the pattern borders. This means that in the near future we can expect a breakdown of the pattern and growth to the resistance 0.780.
SL - 0.748.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
SL - 0.748.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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