A possible trend change (AUDUSD)
This might be a momentum of change here, even though the resistance rupture has not been completed.
Things to carefully analyze:
1- If the rupture of this small resistance is completed;
2- if it retracts back, as shown on the chart;
3- if the indicators are, still, pointing upwards (RSI, MACD and OBV) and, finaly;
4- the most important: if a strong bullish candle is presented, with a strong volume.
Things to carefully analyze:
1- If the rupture of this small resistance is completed;
2- if it retracts back, as shown on the chart;
3- if the indicators are, still, pointing upwards (RSI, MACD and OBV) and, finaly;
4- the most important: if a strong bullish candle is presented, with a strong volume.
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.