As the monthly candle broke above the previous high, the previous resistance acts as a support currently which is being tested. As long as the 0.68400 level doesn't break, I long AUD from the support line shown until it shows further weakness, or it closes below 0.68400.
Let me know your thoughts and give a like if you agree.
Let me know your thoughts and give a like if you agree.
Note
Price is close to my entry point. Will be looking for longs soon.Trade active
Note
I'm still holding my longs, although the price has came back to retest the area. I will only close this trade when the price closes below 0.68400Trade closed: stop reached
The price has broken down. Stop loss has been applied.
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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.