AUD USD may go long According to my analysis. (6th Dec 2020)
Updated
Disclaimer:- Educational Analysis says Aud Usd may go long according to my technicals.
This is not an entry signal. I have no concern with your profit and loss from this analysis.
Why long?
Because the 4 hr trendline(pink line) is been respected twice and the next resistance level is at 0.76635 dated 5th June 2018.
For Additional Confirmation on this trade. you may go for 15 min there will be (Blackline) which was tested and respected two times, plus there is the formation of an ascending triangle which may breakout soon and the pitchfork tool may help you to this analysis in a more disciplined way.
This is not an entry signal. I have no concern with your profit and loss from this analysis.
Why long?
Because the 4 hr trendline(pink line) is been respected twice and the next resistance level is at 0.76635 dated 5th June 2018.
For Additional Confirmation on this trade. you may go for 15 min there will be (Blackline) which was tested and respected two times, plus there is the formation of an ascending triangle which may breakout soon and the pitchfork tool may help you to this analysis in a more disciplined way.
Note
It was hit sl before it taking rocket... Now completing 80% target for this trade. you can close if you want too.
Disclaimer
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