AUDUSD: growth after completion of the continuation pattern
In the course of growth since April 2020, the price came to the upper trend line - resistance 0.796. This happened in February 2021 and after a breakout attempt, the price began to fall. during the fall, a falling wedge pattern was formed. It has a prior trend and at least 5 trendline touches. Now the price is in the process of completing the pattern and we can expect a breakdown of the line and rise to the resistance of 0.780.
SL - 0.753.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
SL - 0.753.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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