After a strong bullish push, price pulled back into a previous demand zone near 0.65000, where buyers had clearly stepped in before.
The previous resistance around 0.6510 was broken and now appears to be acting as support — a classic sign of a break and retest.
The current bullish rejection candle near the zone confirms buying interest.
✅ Entry: Around 0.6500
❌ Stop Loss: Below the recent low / demand zone (~0.6485)
🎯 Take Profit: 0.6550 and 0.6567 (previous swing high
Price is now forming higher lows and pushing upward — watching for continuation toward the next resistance.
#AUDUSD #PriceAction #BreakAndRetest #ForexSetup #SupportResistance #TrendContinuation #ForexAnalysis
The previous resistance around 0.6510 was broken and now appears to be acting as support — a classic sign of a break and retest.
The current bullish rejection candle near the zone confirms buying interest.
✅ Entry: Around 0.6500
❌ Stop Loss: Below the recent low / demand zone (~0.6485)
🎯 Take Profit: 0.6550 and 0.6567 (previous swing high
Price is now forming higher lows and pushing upward — watching for continuation toward the next resistance.
#AUDUSD #PriceAction #BreakAndRetest #ForexSetup #SupportResistance #TrendContinuation #ForexAnalysis
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.
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.