AUDUSD → False breakdown of resistance. Ready to go down?
AUDUSD is forming a false break of the range resistance, but the market continues to struggle between traders. The focus is on the risk zone, the breakout of which will send the price flying downwards. The trend is neutral, after a long-range retest of 0.66676 resistance a false breakdown is formed and the buyer has no potential to go up. A retest of the local maximum is possible, but all the emphasis is on the support at 0.6648. A break of this area will be a confirmation of the buyers' loss, as well as a break of the local uptrend, which will provoke the formation of a strong bearish impulse.
Resistance levels: 0.6668, 0.6715
Support levels: 0.665, 0.6558
Most likely, the buyers' strength will not be enough to pass the mentioned resistance from the first time. At the moment the seller is pushing the market and if the key support area is broken, the market will change its local mood
Regards R. Linda!
Trade active
Price is breaking channel support and testing the 0.665 liquidity area.
A quick retest or pre-breakout consolidation may trigger a support breakout
Trade active
A support breakout is formingTrade active
Perfect realization. An impulse is formed after a false breakdownThe fall may continue
Trade active
Realization of the breakdown at 50 pipsTrade active
Technically, the currency pair is ready to go down further!Trade active
It's perfect. Retest of resistance does not give any result and after a false breakdown a fall is formedTrade active
Oh, that's great. Long consolidation at the resistance level (fight between buyers and sellers) determines the winner. It was the sellersThe change of fundamental background forms an impulse downward.
The nearest target will be reached soon.
Note
Let's keep holdingNote
Continuing to hold
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🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢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.