RLinda ! AUDUSD-> Forming a pattern that can change the trend
AUDUSD is coming out of the downtrend, but does not seek to fly up yet, and forms a consolidation in the format of an ascending triangle.
The role of resistance in our figure is played by the zone 1.6730. As we can see, the local lows are gradually increasing, hence, the resistance level is subjected to pressure from the buyers. If the level of 1.67300 is broken through, the price may form a bullish impulse.
I expect that the price may break resistance in the near future. In this case my target will be the resistance level and the liquidity zone of 1.69500
Regards R. Linda!
The role of resistance in our figure is played by the zone 1.6730. As we can see, the local lows are gradually increasing, hence, the resistance level is subjected to pressure from the buyers. If the level of 1.67300 is broken through, the price may form a bullish impulse.
I expect that the price may break resistance in the near future. In this case my target will be the resistance level and the liquidity zone of 1.69500
Regards R. Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
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🧿 Web: rlinda.com
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NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
Related publications
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.